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Question: Monty Hall (the host of Lees Make a Deal) has presented Fred with the choice of three doors. Behind two of the doors are "booby prizes." A new car is behind the other door. Fred selects a door (#1, for example). Monty then shows him a booby prize behind one of the unselected doors (#2, for example). Monty then, offers Fred the chance to switch from his original selection to the unopened, unselected door (#3 in our example). Should Fred switch? (Aside: This is a very famous problem and was the subject of a front-page New York Times article some years back.)
The HHI for automobiles is 2,350, for sporting goods it is 161, for batteries it is 2,883, and for jewellery it is 81. Which of these markets is an example.
Discuss how an increase in the taxes you pay (income tax, sales tax, property tax, car tag,.. etc.) will influence your spending and saving. Include the pros and cons of a tax increase.Requirements: Discussion should be at least 4 full sentences.
if the expected default rate on a particular mortgage backed security is 4 per year and the corresponding treasury
Do you think that the increase in quantity demanded (say, from 90 to 110 in the table) when price decreases (from $21 to $19) is due to a rise in consumers' income? Explain clearly (and briefly) why or why not.
Prepare a 10-minutes presentation on 'Fiscal Policy'. 10 minutes should also include a 2-minute video on the related topic.
Presume that the Japanese economy is in equilibrium according to the Keynesian expenditure model. Now presume that the Tokyo Stock Exchange (as gauged by the Nikkei 225 index) experiences a 22 percent increase in value in the next three months.
Economists generally agree that Americans save too little, and if they saved more, net foreign borrowing would fall. Explain why this is true.
why has nominal gdp increased faster than real gdp in the united states over time? what would it mean if an economy had
If it is not feasible to obtain more data, then one must accept the fact that the data one has contain a limited amount of information and must simplify the model accordingly. Trying to estimate models that are too complicated is one of the most c..
During your first month as an employee at Greenfield Industries (a large drill-bit manufacturer), you are asked to evaluate alternatives.
Normal 0 false false false EN-US X-NONE X-NONE Consider products that you ..
How much time should be spent studying for each class? That is, maximize GPA by determining E* and U* subject to the 12 hour study time constraint. Did this allocation of study time maximize or minimize your GPA?
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