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Hosch and Cooper (1982) looked at the role that being a victim rather than just a bystander had on eyewitness identification. In the control condition a confederate of the experimenter entered the experimental room with a participant, completed a few forms, and left. In another condition the confederate did the same thing, but as she was leaving she stole the experimenter's calculator. In the third condition the confederate stole the par- ticipant's watch, which the participant had been instructed to leave on the table. There were two dependent variables. The first was whether the participant was able to correctly identify the confederate from a set of six photographs, and the second was the participant's subjective rating on a nine-point scale of his or her confidence in the identification. The experimenter was most interested in seeing whether being a victim of a theft led to better and more confident identification than just observing a theft. How can these data be analyzed? (Note: The two theft conditions did not differ, and there was no relationship between accuracy and confidence.)
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..
Questions: : Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice.
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Problem based on Oligopoly and demand curve, Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?
Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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