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There are efforts to curtail or limit freedom of speech on the internet and there have been failures of such efforts as represented by the law known as the CDA in the USA. Commenting on such matters were many people including John Perry Barlow who issued the A Declaration of the Independence of Cyberspace. What do you think of the declaration? Is it similar to being a foundational document such as the Declaration of Independence is for the form of right to freedom for people in the USA?
Let B1(hat) and B2(hat) denote the estimated regression coefficients from a sample of size n for y = x1B1 + x2B2 + u. Show that b1 = B1(hat) + (X1TX1)-1X1TX2B2(hat) where b1 is the coefficient estimate from the regression of y on X1.
Gourmet coffee houses tend to open in high-rent areas and cater to higher income consumers. Because of the change they created for taste and preferences and the higher income market, the gourmet coffee houses had a win-win in a period of falling w..
Elucidate in Olipolistic terms, and with graphs, what is really happening. Shoud the US anti-trust laws be invoked in industries like this.
Jamal (now age 54) lost his job as a ship builder in 1995. His plant never reopened, and he has very specialized skills that are no longer in demand. Jamal's unemployment is best classified as:
What programs and products are available to help income earners manage the risk of loss of income due to disability?
Explain what happens to consumption, investment, and the interest rate when the government increases taxes.
Firms can now not only choose their prices but can also choose their location. This happens in two stages. In the first period, firms choose their locations and in the second period, they choose their prices. The transport cost of the consumer is ..
Adult males are taller, on average, than adult females. Visiting two recent American Youth Soccer Organization (AYSO) under-12-years-old (U12) soccer matches on a Saturday, you do not observe an obvious difference in the height of boys and girls of t..
Changes in the reserve ratio, open market operations, and changes in the discount rate are all tools used by the Fed to
Define and explain an open and closed system. Provide an example for both. Explain the inner and outer flows of an open and closed system. Define and explain leakages and injections in an open system.
Define and identify opportunity costs, fixed costs, variable costs, marginal costs, average costs, and sunk costs, and differentiate between economic costs and accounting costs.
Comparing U.S. trade with Canada and India, is trade with Canada more likely to be based on comparative advantage or economies of scale? Why? How about India?
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