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Assume this: Each society in the nation is suddenly responsible for designing its own local commodity based financial system, and you have been assigned the task of selecting what commodity your society will use and how it will be implemented.
Please answer:1. What commodity would you choose, and why would it work for your community?2. In your commodity-based system, what would be the price for a gallon of milk? How did you come up with this price?3. In this system, who would the financial intermediaries be?4. What are the inevitable limitations of this system, particularly when it comes to dealing with trade to other communities?5. When looking at commodities, you will find that these are things that have particular value. Why do we want to consume more commodities when there is inflation?
I have a time series set of data of workers in motor vehicle industry from 1972-2001 as well as average weekly hours of workers in motor vehicle industry
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Assume that you have a normal distribution with mean =0 and variance =1. Assumee you control a likelihood test for mu =.07 and another likelihood test for mu =8.
You have given the following data about the amount your firm can manufacture per day given the number of workers it hires.
The joint probability distribution on the returns of two securities X and Y is demonstrate in the table below.
Design a simple econometric research project
Determine what should you do to maximize benefits with respect to values after you acquire a substitute product. Which values should you change more?
Recall from introductory economics that an raise of $1 in government spending may raise GDP through more than $1. The exact value by which GDP goes up is multiplier.
Scores of high school students on a national mathematics exam in Egypt were normally distributed with a mean of 86 and a standard deviation of 4.
An ice cream vendor sells three flavors: chocolate, strawberry, and vanilla. 45% of the sales are chocolate, while 30% are strawberry, with the rest vanilla flavored.
A firm operating a chain of drug stores consider to open a new store in one of locations. The management of firm figures that at the 1st location the store will show an yearly profit of $20,000 if it is successful and an yearly loss of $2,000 if it i..
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