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What are the advantages and disadvantages of using a distributed vs. centralized database design? Provide an example of each that illustrates when it would be better to use one over the other.
This question asks you how an increase in productivity would change the steady state in a Solow model for education. Draw and label the graph. Now suppose that the country becomes more productive (better laws, new technologies, etc.). What curve or c..
How many people should you survey? You want to take a random sample of likely voters in order to estimate the proportion (p) of voters in that population who prefer candidate A over candidate B. Suppose that, in fact, p = 0.51 (that’s in the populati..
You work for a hotel chain that is considering expanding into international markets and you are looking for the right person to help oversee that process. You identify a top employee at another firm who seems to have exactly the skill set needed to h..
Demand Shocks – As we’ll continue to discuss in class, a recession may reflect declines in aggregate demand, aggregate supply, or both. Are swings in consumer sentiment characteristic of recessions? Plot a measure of sentiment (FRED code: UMCSENT) an..
Bavarian Crystal Works designs and produces lead crystal wine decanters for export to international markets. What is the optimal level of production of wine decanters? What is the marginal revenue from the last wine decanter sold? What are the total ..
Assume that the milk industry is competitive. Illustrate a long-run equilibrium using diagrams for the milk market and for a representative dairy.
Should we remove all barriers to immigration into the United States? What would be the outcome? If we could let in an extra hundred thousand immigrants every year, should we favor certain immigrants over others? Why?
Elucidate is the efficient yearly output of paper and how can this be achieved.
Mann was the attorney for the Town of Rye, a New York community. He filed a defamation lawsuit against a newspaper that served the Rye area and against the writer of that newspaper's Town Crier column. Mann based his case on statements that appeared ..
Why do proponents of active policy recommend government intervention to close an expansionary gap. Some economists argue that only unanticipated increases in the money.
The respective forecasts were 120 for all four years. Illustrate what is the resulting MAD value that can be computed from this data.
In “Intellectual Property and Pharmaceutical Drugs: An Ethical Analysis,” Richard T. De George lays out what he comes to call the “Status Quo Approach” as a defense of copyright protection of pharmaceuticals. Do you find this argument persuasive ..
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