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1. For each of the following variables indicate the level of data measurement:
a. Rating of the Netflix app (great, good, etc.)
b. Baby shoe sizes
c. The amount of $ in your bank account
d. The preseason NFL team ranking
e. Your relationship status
f. Number of pages in a book
g. Temperature of the water in your fridge dispenser
h. Groupings of clothing in your closet (work, casual, dressy, etc)
Why the incidence of the tax a consideration when government imposes this tax increase.
Based on the following information: A and B. Their cost functions are defined below, respectively: CA = 10000 + 10QA + 0.5QA2 and CB = 12000 + 10QB + 0.5QB2. The firms face the following market demand curve: P = 610 – Q, (where Q = QA + QB). If the f..
The city of Greenville is concerned about rising rent for low-income households. Several policies being considered. Suppose there are a large number of construction companies, Instead, suppose the government pays each firm $50 per low-cost house buil..
Do the economic benefits of industrialization outweigh the economic costs?
What function do private property rights serve in a market economy? Describe some unintended consequences of government obstruction of private property rights.
Why did the Fed innovate new direct lending programs and vastly increase the amount of direct lending it provides to financial institutions in the winter of 2008, instead of continuing to rely on almost entirely on open market operations to affect cr..
Which of the following will be recorded as a credit entry in the U.S. balance of trade in merchandise account?
Many economies impose restrictions on international capital flows, assuming that such restrictions limit the scope for arbitrage between domestic and foreign bonds, thereby effectively making such bonds poorer substitutes for each other, explain how ..
Use Porter’s five forces model to analyze the competitive environment of a country of your choice (pick a product category that you are familiar with). How does a market orientation explain entry into that market? A resource-based view? Why are both ..
When the exchange rate falls, in the foreign exchange market the quantity demanded of the currency increases.
What is the value of a second option that has an exercise price of $75? (priced at the current stock price).
Is the current Monetary Policy expansionary or contractionary? Give your reasons for your answer. What effects does the Federal Reserve expect this policy to have on the U.S. economy?
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