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Your population has a mean of 30 and a standard deviation of 6. If the sample size of your sampling distribution is 9, find the variance of the sampling distribution of the mean.
Consider the following distribution of income in a 12 person economy, with the modern urban wage=3, the traditional rural income=1 and the informal urban wage = 2: (1,2,3,1,2,3,1,2,31,2,1). the poverty line is at 1.3. What is the level of absolute po..
Calculate the price elasticity of demand for The Times between October 1993 and March 1994, and between October 1993 and January 1996.
Which of the following statements suggests that property taxes might be progressive?
Draw the Edgeworth box diagram for all possible exchanges in this situation. What is the contract curve for this exchange?
In 2012, the price of corn was $8 a bushel. In 2014, a huge harvest caused the price to drop to about $4 a bushel because quantity demanded for the corn was less than the quantity supplied. If quantity demanded for corn is much less than quantity sup..
Suppose that consumption spending accounts for about 60 percent of GDP on average, while investment and government purchases each account for 20 percent of GDP on average. What will happen to real GDP in 2018, and what are the contributions of consum..
Explain the logic of the Ricardian view of government debt and evaluating its practical relevance.
What is the profit maximizing level of production/sales for this company? What is the price? What are its profits?
Suppose the demand for gasoline is QD = 75 – 25PD and supply is QS = 30 + 20PS, where prices are expressed in dollars per gallon. How does a $0.40 per gallon tax affect the equilibrium price and quantity of gasoline (show both the pre-tax and post ta..
Look at the able Demand Schedule for Gadgets. The market for gadgets consits of two producers, Margaret and Ray. Each firm can produce gadgets with no marginal cost or fixed cost. If these two producers formed a cartel and acted to maximize total ind..
Regarding the Lorenz curve and you are waiting for the state's demographers office, how would you (1) describe and explain a Lorenz curve
Explain how are presidential election outcomes related to the performance of the economy.
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