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Part a) The mean of the sample was calculated as 500. The sample of 25 observations was randomly drawn from a population whose standard deviation is 15. Estimate the population means with 99% confidence.
Part b) A random sample of 5 observations was drawn from a normal population. The sample mean and standard deviation are X =175 and s=30. Estimate the population mean with 90% confidence.
Some city governments require that all city employees live within the city limits. What impact does this have on the elasticity of supply and or demand for employees of a city with such a requirement?
When the exchange rate falls, in the foreign exchange market the quantity demanded of the currency increases.
Imagine you are the Head of State for a country and must prepare a presentation regarding the cultural significance of the country. The country is about the size and geography of Texas and it has a border with the ocean and another with a country ..
Which statement is consistent with someone saying that they received $100 in consumer surplus?
The natural rate of unemployment is
Suppose the government eliminates all environmental regulations and, as a result, the production of goods and services increases, but there is much more pollution. In this scenario, what would happen to real gdp and why
Crew Brew of Wisconsin plans to build a microbrewery on a small stream in that state. After sampling water from the stream, Chris Pierson has found that it is contaminated with pulp and paper waste from a local paper mill.
What can you say about the price elasticity of demand for DVD players. What will this price reduction necessarily lead to an increase in profits for DVD player manufacturers.
What new issues face young women today? What, if any, issues seem obselete?
Describe three different policies that could be used to increase the growth rate of the potential GDP. Identify whether each policy is aimed at technology, capital formation, or labor supply.
The Economist magazine uses the price of a Big Mac to determine whether a currency is under-valued or overvalues. In July 2012, the price of a Big Mac was $4.33 in New York, 15.65 yuan in Beijing, and 6.50 Swiss francs in Geneva. Was the yuan underva..
Your study partner is confused by upward-sloping short-run aggregate supply curve and vertical long-run aggregate supply curve. How would you explain why these slopes differ.
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