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Explain why we have laws in Australia to prevent the formation of monopolies? Why are competitive markets considered desirable from a societal standpoint?
(a) Alalyze full the assumption of "homocedasticity" of a CLRM. Moreover, which are the differences wit heteroscedasticity? (b) Analyze fully the assumption of specification bias and use an example to show your intuition.
Given that parking and attendance at ballgames are complements (in consumption). Explain why a rise in parking fees may adversely affect game attendance.
Consider a competitive market for apartments, What would be the effect on the equilibrium output and price after the following changes (other things held equal), In each case, explain your answer using supply and demand.
The following question is based on fixed exchange rate and/or flexible exchange rate regime in an open macroeconomic model. The answers must be written in your words along with graphical illustration. Without explaining in your words, the graphical i..
How does Wilkinson's and colleagues statistically work on inequality and health challenge Rawls' theory of justice? Do you agree with them? Why or why not?
Why are Australian bond yields higher than the US and Germany for most of the 2007-2019 period?
W.V. Trees, Inc. has a debt-equity ratio of 1.4. Its WACC is 10 percent, and its pretax cost of debt is 9 percent. The corporate tax rate is 33 percent. What is the firm's unlevered cost of equity capital?
Following are the num- ber of times the machine was used daily over each of the last 30 days. Determine the mean number of times the machine was used per day.
A successful man make a donation to his Sister for building a new store and upgrading shops, as well as for establishing a store fund. The donation is planned to be spent as follows: $200,000 each year for the first three years, $250,000 each year fo..
The recent immigration of labor into the United States from Mexico has led to increased calls for new restrictions on this movement of labor (including greater enforcement of existing restrictions). What would be the costs and benefits to the United ..
Robert Lucas said that "...business cycles are all alike', yet from Chapter 3, we see that the times series of deviations from trend in real GDP is "choppy", and there is no regularity in either the amplitude or frequency of fluctuations in real GDP ..
Between Q1, 2014 and Q1, 2015 measured Output in the non- farm business sector increased by 3.2%. During this time period the unemployment rate fell from 6.6% to 5.5% and total hours worked in the nonfarm business sector increased by 2.8%. What was t..
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