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A market research firm claimd that more than 25% of adults drink mostly diet soda.
Gallup took in 2013 a nationally representative sample of 2027 adults and asked them about their soda consumption. The survey shows that 486 of those surveyed drink mostly diet soda.
The test statistic for the above hypothesis test about the proportion of adults who drink mostly diet soda is.
(Give your answer as a two place decimal)
Consider a low-wage labour market. Workers in this market are not presently covered by the minimum wage, but the government is considering implementing such legislation. If implemented, this law would require employers in the market to pay workers a ..
Indicate which curve shifted (demand curve, supply curve or both) and in which direction – for each of the following situations: *The price of furniture rises as the quantity bought and sold falls. *Apartment vacancy rates increase while average mont..
Ginny is an agent of Vroom! Motors, and is designated to sell and deliver antique cars. She spends her own money to call clients, visit them and finalize the deals. There is no express agreement between Ginny and Vroom! Discuss the situation.
Two conditions that justify government intervention in a market are the presence of external benefits and equity concerns.
What is meant by a 'feedback loop' in a complex, interconnected system? Give examples of negative and positive feedback loops? Explain what is meant by synergetic interaction in a complex system and its importance?
Suppose a firm in a perfectly competitive industry has a short run total cost function given by TC=1100+0.02Q^2 and a marginal cost given by MC=0.04Q. If the market price is 12, what will the firm’s short run profits be?
In 1975, President Ford proposed a $28 million cut in government spending and a $28 million tax cut, what is the result of the two actions on the economy? Show you work. Hint: notice that the numbers are the same - $28 million.
Suppose that firm A and firm B can form a joint venture to pursue either or both of their R&D programs.
In terms of aggregate supply, a period in which nominal wages and other resource prices are unresponsive to price-level changes is called the A. long run. B. short run. C. very long run. D. immediate market period.
Determine how each of the business cycles contributed to the expansion of the U.S. economy continuing in 2017.
One requirement of this course is for you to write a briefing paper on the macro economy of a country of your choice, other than the United States. You do not need to pick a particular “type” of country: every country has a macroeconomic history and ..
On the graph, draw indifference curves that are consistent with his choice of working hours when he was self-employed and when he worked for Glitz and Drywall.
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