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Q1. In our study of the problem of measurement error in the dependent variable, we learn that one solution is to use proxy variables and instrumental variables. What is the difference between a proxy variable and an instrumental variable? When would you use one and when would you use the other?
Q2. How do individuals, firms and governments use their scarce resources to satisfy their needs?
Q3. Which of the following hedging strategies involves a loan without a futures contract?
Now suppose that at the end of the year, Apple has sold 20.3 million iPhones. What was Apple's planned investment? What was apples actual investment?
Propose how it can conclude the efficient levels of information in an organization to justify taking risk over uncertainty.
Elucidate how does a industry conclude its prices also the quantity of labor required in the resource marketplace during a specific period
Suppose the French suddenly develop a strong taste for California wines. What happens to the demand for dollars in the market for foreign-currency exchange What happens to the value of dollars in the market for foreign-currency exchange
Assume that the marketplace for engagement rings is in equilibrium.
Elucidate why those rates may be more meaningful as a measure of change across time than the actual numbers of those events."
Suppose that Iggi and Kurt begin trading ice cream and waffle cones with each other. Illustrate what can be said about the trade patterns between Iggi and Kurt.
Joe has never trusted banks and always kept his money in cash. Joe pulls out his money jar, discovers that it has $20,000 in it, and decides it is unsafe to keep that much cash. Joe stops at the Local
Changes in the macroenvironment affect individual firms and industry through the microeconomic factors of demand, production, cost and profitability.
You do not incur any cost to produce goods you sell and thus your profit equals selling price if you make a sell. Or three sellers do not have any costs either.
If the wage rate for his primary job increases to $22 per hour, will Ralph increase or decrease the number of hours he works in the secondary job?
How much control might an organization have over pricing based on a product's elasticity. Discuss which of elasticity rules you used to determine your answer.
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