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Question - Please share how you think economics impacts you directly. Provide 1-2 examples.
Discuss a real life example of the production possibility curve - this can be for yourself, a business or a country.
Discuss a real life example of when demand for a product has changed (increased or decreased). What do you think caused the change?
If you were in charge of the Federal Government, list one product that you would place a price floor on and one product that you would place a price ceiling on. Explain your reasoning.
Assume the labor market includes 100 men and 100 women and that the distribution of efficiency units is uniform and the same within genders.
d. The standard error of the slope estimate in a simple regression will be larger if the standard error of the regression is larger, other things equal. e. If you run simple regression relating a standardized test score to class size, and the R-squar..
For tax depreciation the SL method with n = 10 years was used, but for book depreciation, Boyditch applied the DDB method with n = 7 years and neglected the salvage estimate. The company sold the assets today for $12,500. Compare this amount with ..
consider a potential voluntary exchange between two people. assume that both have complete info about each others
What are some of the most important examples of types of transnational crime and organized groups that commit these crimes? How have the United States and other countries tried to combat transnational crime, and with what results?
Suppose an import quota of 13,000 tons is imposed in the domestic market. What will be the new market price of rhubarb?
a) Compute the store's price elasticity and advertising elasticity.
What are the main differences between microeconomics and macroeconomics? Provide an example of a microeconomic and macroeconomic phenomenon.
The firm sells its product at $100 in a competitive market and can hire labor at a constant rate of wage of $50 per unit of time. Capital is fixed at 8,000 units. Determine the profit maximizing quantity of labor (L).
Analysis of current economic problem. Two proposed topics (choose 1) or propose another similar tax/tariff issue. Trump's proposed tariffs on imported Chinese.
Businesses have life cycles (Figure), and transitioning from one life-cycle phase to another may not be easy. Firms may become accustomed to managing a mature.
Explain whether your data are cross-sectional or time-series. Descriptive statistics (minimum value, maximum value, median value mean value, standard deviation for EACH of the variables), as well as number of observations to be used.
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