Q1 in our study of the problem of measurement error in the

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Q1. In our study of the problem of measurement error in the dependent variable, we learn that one solution is to use proxy variables and instrumental variables. What is the difference between a proxy variable and an instrumental variable? When would you use one and when would you use the other?

Q2. How do individuals, firms and governments use their scarce resources to satisfy their needs?

Q3. Which of the following hedging strategies involves a loan without a futures contract?

Reference no: EM13354744

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