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Suppose some neighborhoods have playgrounds and some don't, and an economist wants to estimate the effect on children's health of a neighborhood playground. The neighborhoods are divided by rivers and highways so that few children have access to playgrounds that are located outside of the neighborhood where they live. A researcher randomly selects children from playgrounds and then compares their health with the health of a randomly selected sample of children who live in neighborhoods without playgrounds. Is this a valid identification strategy?
Calculate the probability that a randomly caught fish will be longer than 26.5 inches.
argue the relationship among the marginal cost also the average variable cost also among marginal cost also average cost.
Extended Warranty. Ted is renting a house, and it does not have a refrigerator. A refrigerator is worth $2.75 every day because Ted will eat out less. Ted has a discount rate of 17%. Refrigerators usually last 6 years. ow much is Ted willing to spend..
Three arguments used to promote trade barriers are the national security argument, the infant-industry argument, and the dumping argument. Explain each of these arguments and evaluate whether each one has any flaws
1. The global pandemic has led to a decrease in globalisation across the world. What are the consequences of decreased globalisation for developed countries and
Jamie is considering leaving her current job, Which pays, $75,000 per year, to start a new company that develops applications for smart phones. Based on market research, she can sell about 50,000 units during the first year at a price of $4 per unit...
According to microeconomics, individuals tend to act in their own self interest. However, Mankiw offers no recommendations in the opening chapters of his text for how humans can re-sculpt their brains so that their expression of self interest is more..
Suppose that instead of being subject to a lump-sum tax, the consumer faces a labor income tax with a tax-free threshold. More precisely, the representative consumer pays no tax on wage income for the rs x units of real wage income, and then pays a p..
Compile a report of no more than 500 words describing the factors that support your viewpoint on nationalising mines in South Africa.
The Coase theorem suggests that efficient solutions to externalities can be determined through bargaining. Under what circumstances will private bargaining fail to produce a solution? Explain with a creative and unique example.
Describe the sources of supply and demand in the market for loanable funds and the market for foreign currency exchange.
Under the current payout plan, at what price should Hilarious George Co.'s stock sell?
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