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Prove that the OLS estimator b2 is an unbiased estimator of the true model parameter 2, given certain assumptions. Make sure to be clear what assumptions these are, and where in your proof they are important
One basic popular voting scheme is rank-order voting, where individuals assign a rank (1,2,3) to the possible alternatives; the assigned ranks are then added up and the alternative with the lowest sum wins. Consider a choice among the 4 alternativ..
Explain why is the marginal cost of inputs more important than the average cost of inputs.
Explain. Problems and Applications a. Dutch pension funds holding U.S. government bonds b. U.S. manufacturing industries c. Australian tourists planning a trip to the United States d. an American firm trying to purchase property overseas
Suppose Natasha currently makes $50,000.00 per year working as a manager at a cable TV company. She then develops two possiable entrepreneurial business opportunities
According to the Heckscher-Ohlin theorem, is Russia capital abundant or labor abundant? Briefly explain. What is the impact of opening trade on the real wage in Russia? Briefly explain.
Illustrate what will the exchange rate have to be to discourage Portuguese imports of British goods? Similarly, what will the exchange rate have to be to discourage British imports of Portuguese goods.
Elucidate whether the following statements are positive or normative economic statements, and explain why you categorized them in that way.
Due to health concerns, a significant number of families move out of the city.Would there be a shift in the demand curve, the supply curve, or both.
Suzy knows that she has maximized her utility, as she is on her budget constraint.
Describe whether each of the following would cause a shift of the aggregate demand curve, the aggregate supply curve, neither, or both.
Suppose that the production function were . Assume that A = 100,000, and that the current level of the capital stock is 10,000.
The Toys-R-Danger-Us Toy Company can produce 500 water pistols for a total cost of $1,400. The company can also produce 1,000 water pistols for a total cost of $3,000, but it would have costs of $200 even if it produced no water pistols.
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