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Explain briefly the difference between a sharp and a fuzzy discontinuity design (not to expalin how estimation would process in each case . just describe the kind of situation that would give rise to sharp RDD and afuzzy one)
Illustrate what methods does Rakuten use to make it easy for a small or medium size business to use its shopping platform.
Assume that initially the goods and services market is in equilibrium at potential of output and that the government budget is balanced,
Illustrate the following situations using supply and demand curves for money. No graph needed only state what will happen to the supply and/ or demand curves for money and what will happen to the equilibrium interest rate.
Explain how the marginal principle and the pollution tax work together to determine the optimal amount of pollution abatement.
Suppose that individual forecasts of a particular interest rate are normally distributed with a mean of 10 percent and a standard deviation of 1.6 percent. (Round k, Q1, and Q3 to three decimal places, and round percentages in part a to the neares..
Find macro data on the British economys performance since 1998 (inflation, unemployment, real GDP growth) and compare these with euro zone data.
Develop an exponential smoothing forecast with smoothing constants α =0.1 and 0.3. What would be the forecast for week 11?
We assume there are no lump-sum taxes and no dividend income: ? = T = 0. We assume h = 1 and the wage rate w = 1. There is a consumption tax such that for each purchased unit of consumption, the consumer needs to pay 1 +t units where t goes to the..
Consider the market for apples. The market demand is given by Qd=140-0.2P and the market supply is Qs=0.2P-20, where Qd is the quantity of apples demanded and Qs is the quantity supplied. P is the price of apples.
Consider the following economy with Ta = 500 and YA = 10,000. 1) If G = 3500, Derive the equation of the BDA as a function of t (tax rate). 2) Find the tax rate at which the country will be running a budget balance.
Smallville is running a budget deficit. Two policy programs are proposed: (1) eliminate the deficit by cutting government spending and (2) eliminate the deficit but raising taxes. Which program has the least damaging effect on GDP
What states that the quantity demanded for a good or service varies inversely with its price?
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