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a. Explain the human-capital view of education and the signaling view of education.
b: What are the implications for education policy under each view?
c. Which of the above is true? Explain.
The "graying of America" will substantially increase the fraction of the population that is retired in the decades to come. To illustrate the implications for U.S. living standards, suppose that over the 44 years following 2006 the share of the po..
Coal-fired power plants emit CO2 which is one of the gases that is of concern with regard to global warming. A technique that power plants could adopt to keep most of the CO2 from entering the air is called CO2 capture
A food-products company has recently introduced a new line of fruit pies in six U.S. cities: Atlanta, Baltimore, Chicago, Denver, St. Louis, and Fort Lauderdale. Based on the pie's apparent success, the company is considering a nationwide launch.
If your nominal income rose by 2.8 percent and the price level rose by 3.8 percent in some year, by what percentage would your real income (approx) increase If your nominal income rose by 2.8 percent and your real income rose by 1.1 percent in som..
Is the "immigration issue" one of demographics? Evaluate the chances of a "comprehensive immigration policy" turning away from racial and ethnic quota towards "opportunities not burdens."
What is the distribution of z - Create confidence intervals for each of the two variables you are trying to predict as well - Find the mean returns and the variances using the summarize or tabstat command.
Pick one of the variables that are significant at a 5% error level and explain what the slope estimate means (explain it in a way that someone outside the class would understand, and use the numerical value of the estimate in your answer.)
Suppose a country has the following production function Y=f(K,L)=K^1/2L^1/2 Its capital stock depreciates at 5%, its population grows at2.5% and its labor-augmentation technology increases at 2.5%
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Sleak Teak builds yard furniture using domestic hardwoods and (in a smaller shop) knick-knacks from the same sort of wood. Although hard woods were readily available in the past, recently they have become harder to botain.
Michelle and James each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle devotes all her resources to growing potatoes, she can raise 200 pounds of potatoes per y..
Three assets are being considered. Assets A, B and C have natural lives of 4, 5 and 6 years and costs of $12,000, $20,000 and $30,000 respectively. There will be no salvage value at the end of each assets life. market value decreases in a straight..
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