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A June 2010 article in Bloomberg Businessweek discussed government and business concerns of the economic impact of the decline in education on growth in the United States. Go to www.bls.gov and look up the current unemployment rate. Compare this to the current unemployment rates for those without a high school diploma, those with only a high school diploma, and those with a bachelor's degree or higher. What does this data suggest about education requirements for jobs in the United States? Then go to www.census.gov and look at the current population survey historical table A-2. Find the percentage of the total population 25 years and older that have completed 4 years of high school or more and the percentage that have completed 4 years of college or more. Compare this data with the unemployment data. What does this information suggest about future productivity and growth for the U.S. economy?
Design a simple econometric research project
Multiplicative decomposition method
The Australian government administers two programs that affect the market for cigarettes.
Solve the forecast model
What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).
Explain why this model violates the assumption of no perfect collinearity. Write the t statistic for testing the null hypothesis
What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type
Determine when a competitively produced product generates negative externalities in production, the industry will,
Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.
M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.
Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:
Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.
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