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Simple random sampling uses a sample of size n from a population of size N to obtain data that can be used to make inferences about the characteristics of a population. Suppose that, from a population of 50 bank accounts, we want to take a random sample of four accounts in order to learn about the population. How many different random samples of four accounts are possible?
Explain your answer the economy experiences an unexpected recession; the price of Good Z increases. The price of Good Y increases; the price of Good Z increases.
Explain how do economists distinguish between the absolute and relative sizes of the public debt. Why is the distinction important.
Illustrate what problems would occur if the managers of each division were given incentives to maximize each division's profit separately.
Elucidate when the monopolistically competitive firm lowers price from $16 to $12, how much does total revenue change.
Elucidate why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.
Illustrate what happens in the long run when the patent expires also other firms are free to use the technology.
Justify your answer using at least two analytical techniques and presenting the information graphically.
Suppose the government decides to increase taxes by $50billion and to increase transfer payments by $50 billion. Illustrate what effect would there be on aggregate demand.
The united states exports a substantial amount of scrap iron and steel to Japan and other countries. Explain Why do some US users of scrap iron and steel support a prohibtion on these exports
If Frank's salary as a sales manager was $70,000 instead of $100,000 would your answer be different.
Assume a household receives a grant of $500 of food stamps every month. How will this household's budget line be affected.
Compute demand of price elasticity of for natural gas sold to the US.
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