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You spoke with 10 people you know and found that they went out 3, 2, 1, 5, 4, 2, and 3 times last week. You then would choose to calculate a 95% (or another level) confidence interval for the population mean.
Identify the market structure of the building and construction industry in your country. Outline the solutions to the housing affordability problem.
Suppose there are two types of shirts available to Carl: red shirts and black shirts Carl is always willing to exchange three black shirts for one red shirt. Are Carl's preferences monotonic? How do you know?
At the moment, the market is completely ignoring things like record US trade deficits and the widening current account deficit. It is also largely ignoring the possibility of Federal Reserve rate cuts. In what way is fiscal easing in Japan relevant h..
There are three groups in a community. Their demand curves for public television in hours of programming, T, are given respectively by. What is the efficient number of hours of public television? How much public television would a competitive private..
If the final change in output for the economy as a whole is $119.6 billion, unemployment is 6.2% and there had previously been an initial increase in government spending of $46 billion, what is the value of the multiplier?
Between Q1, 2014 and Q1, 2015 measured Output in the non - farm business sector increased by 3.2%. During this time period the unemployment rate fell from 6.6% to 5.5% and total hours worked in the nonfarm business sector increased by 2.8%.
A firm uses steel and aluminum to produce auto parts. The current input mix used by the firm is such that the marginal product of aluminum is equal to 800 units, while the marginal product of steel is equal to 500 units. what the concept of “ratio of..
In terms of influencing output, when the economy is operating at near full employment output relative to when the economy is operating at levels of output well below full employment. During the the Great Recession, the aggregate expenditure curve shi..
How does a restriction on importing goods affect consumers? What about firms? Consider raw goods coming in from international waters to make or manufacture products. For instance, chocolate is an expensive raw material. Cocoa beans are not a product ..
q.assume that the poorest country in the world is democratic republic of the congo and the richest country in the world
A sum of money (S) will be received 10 years from now. Compounded at a 10% annual (or nominal) interest rate the Present Worth of this is $38.55. (a) What is S? (b) What would S be, if the money were compounded continuously? (c) What is the Equivalen..
Provide an example of a positive production externality, either one you have read about or found through research, or one that is hypothetical. The example should clearly state what benefit arises out of the production, and how this benefit without t..
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