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Part 1 of 1 - Midterm Exam Please upload your response to each question using a Word document. Question 2 of 2 100.0 Points 1) What are the differences between the House of Representatives and the Senate? 2) What are the differences between being a member of the House of Representatives and being a member of the Senate? Provide a fully developed essay of at least 500 words, and cite sources used.
Generate T = 25 observations on xt and yt as independent random walks with IIN(0, 1) disturbances. Run the regression yt = α + βxt + ut and test the null hypothesis Ho; β = 0 using the usual t-statistic at the 1%, 5% and 10% levels. Repeat this ex..
assume that a national restaurant firm called bbq builds 10 new restaurants at a cost of 1 million per restaurant. it
What is the objective of the entrepreneur when it comes to the use of his or her resources? What is the major function of the middleman? Is the middleman an entrepreneur?
Explain how they relate to current microeconomic theories and The paper must include a graph used as an explanatory tool of the economic principle presented.
Question # 1Consider a two-period mine (periods 0 and 1) industry that is owned by a monopoly firm. Let interest rates, demand, extraction costs, and initial stock be give by: r = 5%, P(Qt) = 100 Qt/2, MC = $50/barrel, S0 = 150 barrel. (4+5+6 points)..
Identify the fallacy in the following discussion: "The effect of an excise tax on a commodity might seem at 1st sight to increase the value that buyer pay.
analyze the effect of the political economy on trade agreements and policy. analyze the various countries to which the
Write down the household's budget constraints for period 1 and 2 and identify the current account.
A. A college instructor's contract is not renewed, because more people are taking online classes and the college does not need as many classroom instructors. B. A worker on the assembly line at Ford is laid off due to a drop in car sales brought on b..
National defense is considered a public good because there appears to be no limits to the nonrivalry-in-consumption characteristic, and exclusion of nonpayers is impossible. Are there any other goods that so perfectly meet both public goods criter..
consider the following utility function uxy min 3x xy 2y. sketch the indifference curves and show where the corners
in neoclassical growth models the sources of growth is exogenous usually technology. such theoretical models hence are
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