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1. What are the two roles that prices play in a competitive economy? How are these two roles related to the Fundamental Theorems of Welfare Economics?
2. The Undercover Economist. It is on reserve in the Reserve Reading Room in the Library for Econ 357(01). Provide a summary, based on the analogy in this chapter, for Arrow's [Second Fundamental Theorem of Welfare Economics] resolution of the trade off between efficiency and fairness.
3. Explain the relationship betweenWalras' Law, the use of a numeraire good, and why only relative prices matter.
energy consumption and economic growth
DISCUSS THE CENTRAL ECONOMIC PROBLEM FACING THIS GROUP OF SURVIVORS
What is the rival principle of distribution? What are the impacts of ethics and morals on the rival principles of distribution?
how to find the relationship for a simple linear model?
A brief summary of the procedure of maximum likelihood.
You are gambling. There is a white urn in front of you, which contains a total of 100 black and white balls. You are blindfolded, get to pick one ball randomly, and see which color
hypothetical data on consumption expenditure ($) and income ($) is given in the table x Y 80 55 100 65 85 70 110 80 120 79 115 84
when is an econometric model said to be simple and naive
Ask question #Minimum unions tie the hand of management and inhibit efficient decision making100 words accepted#
what are the test for heteroscedasticity?
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