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The index of political freedom/democracy is labeled dem_ind.
(a) What is the value of dem_ind for the United States in 2000? What is the average of dem_ind for the United States over all years in the data set? Repeat this exercise for Libya.
(b) List ?ve countries with an average value of demand greater than 0.95; less than 0.10; and between 0.3 and 0.7.
Review of elasticity. Suppose that when the price of gasoline changes from $2 to $1.50, the quantity demanded of gasoline decreases in Manhattan from 800 gallons per day to 960 gallons. Compute the price elasticity of demand using the midpoint formul..
Explain the relationship between the unemployment rate and the natural unemployment rate as the economy moves through a business cycle.
Describe the basic distinctions between the market models with respect to: number of market participants, type of product being marketed
Two firms, each in a different country, sell homogeneous output in a third country. Government 1 subsidizes its domestic firm by s per unit. The other government intervention, the market has a Nash-Cournot equilibrium. Show that Government 1's optima..
Elucidate why or elucidate why not. Does it matter whether the inflation is expected or unexpected.
Wage rates tend to change with national rather than with industry productivity because:
1.Do you feel managed care plans are the solution to the health care crisis in the United States? Support your response.
Isabel's preferences for consumption C and leisure L can be expressed as U(C, L) = (C – 120) x (L – 90), implying that her marginal utility of leisure is (C – 120) and her marginal utility of consumption is (L – 90). What is her marginal rate of subs..
Explain what Alice must prove in order to maintain a claim for sexual harassment and constructive discharge.
Find the amounts of each inputs that maximize revenue (ie the price times the quantity of output produced from those amounts
Once issued by the parent, It stays which way also all transfer benefits (tax breaks) are lost forever.
By what percentage did the GDP of Canada increase from 1990 to 2000 in Canadian dollars?
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