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A study by Children's Hospital in Boston indicates that about 67% of American adults and about 15% of children and adolescents are overweight.4 Thirteen children in a random sample of size 100 were found to be overweight. Is there sufficient evidence to indicate that the percentage reported by Children's Hospital is too high? Test at the α = 0.05 level of significance.
Some people claim that the “economic way of thinking” does not apply to issues such as health care. Describe how economics does apply to this issue by developing a “model” of an individual’s choice?
Where Y is real GDP, Ap is the amount of autonomous planned spending that is independent of the interest rate, Ms is the nominal supply, P is the price level, and W is the nominal wage rate. Assume that Ap equals 5,000, Ms equals 2,000, W equal..
Conduct an internal and external environmental analysis, and a supply chain analysis for your proposed new division and its business model.
Track the currency exchange rate for the past 24 months, explain what has occurred, and identify the economic variables that have most influenced these exchange rate movements.
A small company involved in e-commerce is interested in statistics concerning the use of e-mail. A poll found that 36 percent of a random sample of 1094 adults, who use a computer at their home, work, or school, said that they do not send or receive ..
Federal Funds Rate in order to achieve macroeconomic objectives.
Economies of scale and diseconomies of scale, what do these terms mean, when do they occur and how do they differ? Can you provide an example of economies and scale and dis-economies of scale.
Write a two- to four-page paper describing the restaurant, customer demographics, and location.
Considering only the income effect, if the price of an inferior good declines, would a consumer want to buy a larger quantity or a smaller quantity of the good? Does your answer mean that the demand curves for inferior goods should slope upward? B..
Explain why each of the factors may influence the own price elasticity of demand for a commodity - Consumer preferences, that is, whether consumers regard the commodity as a 'luxury'' or a 'necessity''.
Which of the following is a valid reason as to why prices will not always adjust to changes in spending?
Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange. Explain how these problems are inte..
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