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Question
1. Differentiate between the unique features of cross-section, time series and panel data.
2. In your own words, explain the reasons why a researcher will want to use panel data. Also provide some real-life examples where panel data is used in South Africa.
3. In your own words, describe how the fixed effects model differs from the random effects model.
4. Critically assess the assumptions of fixed and random effects models.
Question: If the Price level rises does consumption (C) increase? This is relating to the Wealth Effect.
In 2018 Aman gave his church $50,000 in cash. He also gave his alma mater university another $70,000 of appreciated stock (basis of $18,000).
What are the actions we should take as policy makers to provide sustainable supplies of water for the world?
Suppose you are running a factory, producing anvils that requires steel as a raw material. Your costs are predominantly human labor (h), which is $20 per hour f
Sketch graph a standard short-run production function, and identify on it the points where the average product peaks, the marginal product peaks, and the marginal product reaches zero, and the average and marginal product intersect.
Please watch the video: Woman found to harbor infection resistant to the antibiotic of last resort
In this forum, share your thoughts on what you feel is the most important environmental issue we face Be specific and include at least one link to a specific (factual - not a blog) website or internet article that deals with that issue and a brief ov..
The car industry is characterised by heavy research and development activity. This activity has a high fixed cost and can only be undertaken by large firms with
Example of a utility function which doesn't have a solution to the consumer utility maximization problem for strictly positive prices p >> 0 and income y > 0.
Explain "interdisciplinary studies, referred as "an educational practice that is process oriented, emphasizing integration and problem solving
An open-pit mine must fund an account now to pay for maintenance of a tailing pond in perpetuity (after the mine shuts down in 30 years).
What is the profit maximizing level of employment (E*), and what is the wage level (W*) the firm would have to pay to obtain E* workers?
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