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Question: 1. Download education data (average years of schooling) from Barro-Lee dataset. Click Barro-Lee data on the menu bar, then click Full Dataset. For the three options shown on the new webpage, click Education Attainment for Population Aged 25 and Over. Download the excel file for Total population, 25 years and over and pick data for five high-income and five low-income countries as asked.
2. Download fertility rate data from the World Bank website. Search Fertility rate, total (births per woman). Download the excel file of data and choose the same ten countries as in Step 1.
and then please help me answer:
Choose five high-income countries and five low-income countries. For each country, find data on average years of schooling and the total fertility rate (TFR) in year 2010.
What differences can you tell between high- and low-income countries regarding education level and fertility rates from Part (b)? Use Quantity-Quality Tradeoff theory to explain.
Why have rules for monetary policy based on money growth been unsuccessful in recent years and why don't policymakers want to adopt rules for monetary policy?
Making Generalizations To what extent do you think government should be involved in the free enterprise economy? Defend your answer.
What is Ireland's opportunity cost of producing one hand-made wool sweater? What is Germany's opportunity cost of producing one hand-made wool sweater?
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Explain why this meeting was effective. Why do you believe Burke chose this type of channel-where the managers could not only directly talk to him, but they could also talk to each other-over other types of communication?
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The relative wage of unskilled workers has fallen in the United States likely as a result of a relative increase in the number of unskilled workers.
If research proved that malt in beer prolonged life would consumers change their consumption of beer? Explain your answer
compare and contrast the impact of an unexpected shift to a more expansionary monetary policy under rational and
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production in the long-runsuppose the production function of a typical producer is given as where l is labor and k is
Analyze recent failures in the global financial system and make at least one recommendation for systematic change that would prevent such failures from happening in the future. Explain your rationale.
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