What is meant by the identification problem, 1. What is simultaneous biases...

1. What is simultaneous biases? Discuss the cause of ednoginity in regression analysis. 2. Explains concisely what is meant by ' the identification problem'' in the context of l

Critically examine recent development in demand theory,

Explain what the natural rate of unemployment, Explain what the natural rat...

Explain what the natural rate of unemployment is. It is necessary here to include a solid explanation based on economic concepts. The natural rate of unemployment is the rate o

Mixed strategies, Find the best response functions and the mixed strategies...

Find the best response functions and the mixed strategies Nash Equilibrium if each player randomizes over his actions.

How ped and pes of commodities affect producers, How does the PED and PES o...

How does the PED and PES of commodities affect producers in developing countries? Explanation of PED (formulaic) Definition of PED outlining commodities as having lo

Supply, assumptions

assumptions

Types of micro economic analysis, what are the types of economic analysis

what are the types of economic analysis

Explain the term laissez-faire, Explain the term Laissez-Faire The term...

Explain the term Laissez-Faire The term "laissez-faire" is used to explain an economic system where the government intervene as little as possible and leave the private sector

Risk neutral persons, Risk Neutral - A person is a risk neutral if they...

Risk Neutral - A person is a risk neutral if they show no preference between certain, and an uncertain income with the same expected value.

Supply and demand with graphs, Supply function given by equation QS = 3P - ...

Supply function given by equation QS = 3P - 50. Write an equation proposals if: a) Government introduces subsidies of 5 $ per unit; b) the government introduced subsidies of 15%