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We learn there are a few reasons to be concerned about interpreting estimates longitudinally as causal. The reasons are the following:
-In Grades 1-3 even regular classes without aides had a part time aide.
-Students in regular classes and regular with aide classes were randomly re-assigned between these two types of classes after kindergarten while those in small classes remained in the same small class.
-New students entered in first grade who did not attend kindergarten, people repeated grades, families moved. New students randomly assigned but limited slots for "small size" classrooms. "unbalanced allocation"
-Concern about the fact that randomly assigned class size is not always the actual class size they end up in. But they find that only 0.3% of. Students were not enrolled in class type they were randomly assigned to.
-Don't have the baseline test scores before the groups were "treated" by class size. i.e. we don't know what the original test scores were for all the students in the experiment so we can't compare if the ones who were randomly assigned to small classes had similar test scores to those in other groups.Describe how two of these reasons could bias the results.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
How many tickets to sell to maximize total welfare.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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