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Flawed reasoning. Identify the flaw in reasoning in the following scenarios. Explain what the individuals in the study should have done differently if they wanted to make such strong conclusions. (a) Students at an elementary school are given a questionnaire that they are required to return after their parents have completed it. One of the questions asked is, \Do you find that your work schedule makes it difficult for you to spend time with your kids after school?" Of the parents who replied, 85% said \no". Based on these results, the school officials conclude that a great majority of the parents have no difficulty spending time with their kids after school.
Fagilo (2000) found that legislators are more likely to mirror their constituent’s preferences during election years than in earlier years of their terms. This is particularly true for relatively inexperienced legislators. Why might this be the case?
Bianca took out a loan from the bank today for X. She plans to repay this loan by making payments of 2,700 dollars per month for a certain amount of time. If the interest rate on the loan is 0.47 percent per month, she makes her first payment of 2,70..
What requirements are imposed on an employer by the Family Medical Leave Act? What remedies can an employee seek if an employer violates the Family Medical Leave Act?
Does the marginal utility of x diminish, remain constant, or increase as the consumer buys more x? Explain
Show graphically how the AS and AD graphs help to determine the equilibrium in the economy and then show how an increase in government expenditure will change the equilibrium in the economy. Do it in two stages. First show how the graph changes with ..
What would be the new equilibrium exchange rate that would make purchasing power parity grasp for laptops.
The competitive rental rate of machines (capital) is the sum of forgone interest and depreciation costs the machine’s owner must pay for one period. In the case of machines that do not depreciate, the competitive rental rate of machines (capital) is..
The production possibilities frontier model shows that
Using the IS-LM diagram, show the effects on output and the interest rate of a decrease in government spending. Can you tell whay happens to investment? Why? Derive the IS relation. If a firm is considering using its own funds (rather than borrowing)..
If a small country like Israel eliminated all import duties and tariffs could Israel's economy prosper even more as Hong Kong has done with few or no trade barriers?
q. a group of 20 doctors are considering forming a new medical group also has asked you to prepare a report on whether
Discuss a scenario where either the supply or price of a good or service is intentionally limited by the government.
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