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A researcher finds a large degree of error variance in an experiment on children's ability to remember a passage they read as a function of the number of hours they had previously watched television.
a. What does this statement indicate about the scores in each condition?
b. What might cause such variability?
c. What impact will such variability have on the statistical results?
Explain the short-run and long-run impacts of oil price increase on output and price level in the U.S. during 1973-1975 periods using the model of aggregate.
A monopolist has 2 sets of customers distinguished by their demand functions p1=15-p1 and p2=25-2(q2)respectively. The total cost function of the firm is of the form C(Q)=5+3Q , where Q=q1+q2. Derive the aggregate demand function of the monopolist an..
Economist Steven Landsburg (New York Times, January 16, 2008 p. A23) made the point that “bullying and protectionism have a lot in common. They both use force (either directly or through the power of law) to enrich someone else at your involuntary ex..
What are the three tools involved with balance of payment details? What are some of the impact the Federal Reserve actions have? What are the types of tariffs?
Consider the following utility function, which specifies Carina’s preferences over two goods, donuts (D) and brownies (B). (Please note that we call this type of utility function quasi-linear.) U(D, B) = 3D + 2Bˆ 2 (a) (10) Plot an indifference curve..
Would you expect expansionary fiscal policy to make interest rates in the economy higher, lower or unchanged? Sketch a diagram of the market for borrowing and lending in the economy to illustrate your answer. How will the affect on interest rates tha..
Suppose that demand is given by P = A− Q and marginal costs are constant and equal to c where A > c. Suppose that there are n ?rms and the stage game is Cournot. Find the critical value of the discount factor to sustain collusion if the ?rms play a s..
1. in recent years consumption spending by households has accounted for about 70 of the total spending aggregate demand
What characteristics would a perfectly competitive labor market have? Contrast these characteristics to those of the healthcare workforce.
What factors can contribute to unemployment? How can technology lead to greater unemployment, or is it a benefit to the economy? Can inflation cause or effect unemployment? How?
Shane is required by his employer to work a standard eight-hour work day. Suppose his marginal rate of substitution (MRS) for leisure and income is less than the wage rate at this level of work. Comment about the nature of Shane’s employment.
The demand for Joy's new high-alcohol content beer has enjoyed rapid growth recently. From the analysis of Joy's various outlets, it was found that the demand curve follows this pattern: Q J = 150 - 200 P J - 100 P C + 10 T - 150 A C + 250 A J whe..
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