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Please very briefly, describe a study you might conduct in which it would be appropriate to compute a Pearson r (i.e., a study with one group of participants with two scores per participant). Can you predict if you perceive that the r-value would be 'positive' or 'negative' and do you think that the relationship would be relatively 'strong' or 'weak'? Why?
What is the difference between the efficiency of a tax system and the equity of a tax system?
Does a persistent balance of payment deficits result in a pressure to devaluate the currency.
Why does the Great Salt Lake, which is wholly within the state of Utah, suffer lower levels of pollution than Lake Erie, which is bordered by several states and Canada?
You are the manager of a firm that receives revenues of $60,000 per year from product X and $90,000 per year from product Y. The own price elasticity of demand for product X is -1, and the cross-price elasticity of demand between product Y and X is 1..
Your firm’s research department has estimated the income elasticity of demand for Art Deco lawn furniture to be -0.85. You have just learned that due to an upturn in the economy, consumer incomes are expected to rise by 5 percent next year. How will ..
What is the rationale for subsidizing some telecommunications services (such as Internet access) for some people and institutions? Discuss. How would Ramsey suggest that policymakers resolve the tension between universal service policies on the one h..
Shaughnessy Consulting, LLC currently enjoys a patent on software that estimates economic damages for clients involved in personal injury lawsuits.
Why doesn’t the Fed simply keep increasing the growth rate of the money supply at faster and faster rates to drive the unemployment rate lower and lower? Wouldn’t the gains in terms of faster output growth far exceed the losses from inflation?
Assume stock returns can be explained through the following three factor model:
Grandpa would like to deposit some money now for his grandson to have available to beginning withdrawing $25,000 per year for four years, starting 5 year from now. If the money earns 6% interest per year, the amount that Grandpa must deposit is close..
Consider a monopoly with a production function given by q = f(x) = √x and a fixed cost of $1. The input price is $0.50. The monopolist sells her product in a market that has ten consumers. Let p denote the unit price of the good. Find the profit-maxi..
Assume total reserves are $1 million, checkable deposits are $5 million, and the reserve requirement is 10 percent. What are the excess reserves? If depositors withdraw their funds and create a shortage of reserves, bankers. Changes in the discount r..
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