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Question: 1. Suppose that a linear probability model yields a predicted value of Y that is equal to 13. Explain why this is nonsensical.
2. In Table 11.2 the estimated coefficient on black is 0.084 in column (1).0.688 in column (2), and 0.389 in column (3). In spite of these large differences, all three models yield similar estimates of the marginal effect of race on the probability of mortgage denial. How can this be?
Why is it that in production sometimes after a certain point increase in inputs leads to less return?
Given the current wage is $100 and the price of output is equal to $3.00. 1. How many workers need to be hired? 2. What are maximum profits?
Choose one international trade agreement. For Example European Union, A.D.E.C., NAFTA, etc. List 3-5 guidelines of the agreements. No conclusions about the agreement. Discuss with examples pros and cons on this international trade agreement from..
1. A production function can exhibit increasing, constant or decreasing returns to scale. Describe the meaning of this statement using a simple production function Y = F (K, L), where K is capital and L is labor. Why might it exhibit increasing o..
With base year 2002, the CPI in 2011 and 2012 were 240 and 250, respectively. If a flat screen TV cost $1164 in 2011 and $1200 in 2012, was the flat screen TV more expensive in 2012?
Explain why Brownstown's management was reluctant to release this information to its lenders.
2) Refer to table above. Consider a simple economy that produces only three products: burritos, flashlights, and golf balls. Use the information in the table to calculate the inflation rate for 2013 (vs. 2012), as measured by the consumer price inde..
What is a Zero Day Exploit? Describe the effects caused by one or more ZDEs that recently has been reported in news articles. Describe how ZDEs can be used to affect cybercrime, cyber espionage, and cyber terrorism
What factors make the Fed independent from politics? Why is there so much political pressure on the Fed, despite its independence - How does the Fed work to protect itself from political pressure?
Illustrate what would each political philosophy of utilitarianism, liberalism, and libertarianism likely suggest should be done in this situation.
The price of an ice cream cone is £1.50 and you buy three ice cream cones per week. If the price of an ice cream cone falls to £1.25 and you still buy three ice cream cones per week, which of the following is TRUE? a) The total utility of the four..
Once again, in an hour, David can washcars or mowlawn, and Ron can washcars or mowlawn. Who has the comparative advantage in car washing, and who has the comparative advantage in lawn mowing?
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