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Question: 1. One of your friends is using data on individuals to study the determinants of smoking at your university. She asks you whether she should use a probit, logit, or linear probability model. What advice do you give her? Why?
2. Why are the coefficients of probit and logit models estimated by maximum likelihood instead of OLS?
Suppose your telephone plan charges you $25 per month plus ten cents per minute for long distance calls. Write an equation that describes your monthly telephone account.
Discuss why it is necessary for accountants to assume that an economic entity will remain a going concern. If an entity was perceived to be short term, what effect would that have on the accounting system
even though they could have sold the units for substantially higher prices. Explain why do you think that the merchants adopted this policy.
Is Guatemala debt makes if the government runs a balanced budget in both a and b.
Based on the argument about morality in the Crito from Socrates and the Laws, what does morality say Chris should or may do? Carefully and specifically, Why? Based on the argument about morality in the Declaration of Independence, what does morali..
nGDP is $5 trillion in Yr 1 and $5.4 trillion one year later. What is the GDP growth rate? B) If rGDP in Yr 1 was also $5 trillion what can you say about Yr1? C) If rGDP grew 5% between Yr. 1 and Yr. 2 what did GDP prices do?
The question I want to ask, how can the government balance between keeping the business in the economy and the consumers' interest? What would be the impact of continuously successful lobbyist on the consumers?
The impact of Energy price on the Aggregate Supply, this is a topic we have been discussing in my macroeconomics class and I am completely lost.
Assume you receive a 4% increase in your nominal wage. Over the year, inflation runs about 7 percent. Which of the following statements is TRUE?
You were recently hired to replace the manager of the Roller Division at a major conveyor-manufacturing firm, despite the manager's strong external sales record. Roller manufacturing is relatively simple, requiring only labor and a machine that cu..
The assignment consists of writing a mini-paper that analyzes economic growth in one country empirically. The assignment should consist both: Theoretical analysis of implications for economic growth and Empirical analysis of implications for economic..
One current economic issue facing the American government is ensuring people in danger of foreclosing on their homes can keep them. Explain why this issue is important
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