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The Consumer Expenditure Study surveys people about their finances and spending. They ask the following questions:
a. What is your occupation?
b. What is your income?
c. What is the amount of your student loan, if any?
d. How would you rate your credit using these categories: excellent, good, fair, poor?
For each of these questions, determine the type of data that is being collected and give an example of a potential answer.
Given the following variables in the open economy aggregate expenditure model: autonomous consumption, CO = 200; autonomous investment IO = 200; government spending, GO = 100; export spending, XO = 100; autonomous import spending, MO = 100; taxes, TP..
Critically evaluate the following statement: Playing the stock market is like gambling. Such speculative investing has no social value, other than the pleasure people get from this form of gambling.
q1. the hilton hotel chain serves both business and vacation travelers. d business and mr business represent the demand
Assuming that the Hawaiian Sea Salt Company is able to charge different prices in the two markets, what are the profit maximizing prices and output levels for sea salt in the two markets?
Explain it surprising that the company's revenue increased when it decreased the average selling price of its phones.
The national economy has been in a slump for several years, but recent signs of strength in much of the economy have led many forecasters to conclude that an expansion could finally be in the offing.
q. u.s. supreme court justice stephen breyers book breaking the vicious circle toward effective risk regulation 1993
Compute the changes in consumer surplus, producer surplus, government revenue and third party surplus. Also, show these changes on a graph.
the rival long-distance carriers have complained that the local phone company repair persons have put peanut butter on rival long distance carriers's phone lines to encourage rats to eat through the lines.
Consider and economy with the following production technology: Y = 9K^1/3 L^2/3 , where the aggregate capital stock is K=100, and aggregate labor is L=100. The price of output is 1. Compute the equilibrium wage and capital return. Compute total payme..
What are the some of the shortcomings of real GDP from a welfare perspective? do you have any practical suggestions for revising the computation of GDP to achieve a better measure of welfare?
q.what is the relationship between states that have stricter gun control laws and the crime rate?you will need to
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