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Comment on similarities and/or differences between a stochastic population regression function (PRF) and a stochastic sample regression function (SRF).
What are its limitations as an economic measurement? How is the Human Development Index (HDI) a better barometer of economic well-being? What are its advantages and disadvantages?
1. two individuals fred and helen in an economy with no production each have the utility function u 10xy. prices of
Removing rough edges
yearnominal gdpreal gdpgdp deflator20023055nbsp942003nbsp3170100200434103280nbsp2005nbsp3500108i complete the above
Interpret the estimated demand function for one-month memberships and calculate the point price elasticity of demand and point income elasticity of demand in Town D at the price charged last year.
On a supply and demand chart, what would the slopes have to look like for a consumer to pay the whole amount of an excise tax equal to exactly the cost of the tax instead of splitting it with a producer?
The benefits of free trade are something that most economists are willing to recognize. And yet the question of optimal trade policy can be actually quite complicated. How do the readings in this group reveal this complexity.
soppose that in one year an american worker can produce 100 shirts or 20 computers while a chinese workers can produce
International trade has pros and cons. Economists generally support free trade. International trade has played a significant part in promoting economic development and technology transfer among countries. There are also various arguments in favor ..
problem 1 consider the following two-player static simultaneous-move game with perfect information. player 1 chooses
If "excess profits" are taxed away, where will oil companies get the money to fund new exploration and development of oil properties? Does it matter if these price increases are demand or supply induced?
questionnbsp the demand schedule for computer chips is in the table.price dollars per chipquantity demanded millions
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