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There are enormous amount of studies on the long term effects of unemployment on the economy? What are the consequences of long term unemployment? Should policy makers intervene?
To be prepared with enough money, Reenen wants to find a 90% confidence interval for the population average start-up cost µ for cosmetics businesses.
A brewery produces regular beer and a lower carb light beer. steady customers of the brewery buy 10 units of regular beer and 15 units of light beer monthly. while setting up the brewery the management decided to produce extra beer, beyond that neede..
Most Caribbean countries have some type of controls on the provision of taxi services. Individuals that provide taxi services must first obtain a license and maintain certain standards for the driver and vehicle. Let’s investigate the implications of..
Do the following variables have a positive, negative, or roughly zero correlation in a cross- section of countries: GDP per capita and the number of books published (hard copy + electronically) per capita?
Suppose you are receiving a large shipment of Gizmos. The manufacturing standards provide that 1% of Gizmos turn out defective. You randomly select a sample of n = 25 from each lot and return the shipment if more than 2 are found defective. The proba..
Demand for good X can be described by P= 800 - 5Q. There is a fixed cost of $9360. The marginal cost of production is $2 per unit.
Negative Supply Shocks – How often are negative supply shocks, i.e., leftward shifts of the AS curve, which we’ll also discuss next week, associated with recessions? Plot on a quarterly basis since the beginning of the series the real price of oil – ..
What is the impact of World Aggregate Supply (WAS) on the trade deficit and domestic employment? Referring to the Aggregate Supply and Aggregate Demand model (AS/AD) and the material in Chapter 11 what challenges does structural stagnation pose for m..
Many banks have been trying to push their customers away from checkable deposits and even savings deposits into small time deposits. Given the characteristics of these assets, why might banks want to do this? Consumer mortgages are a type of bank loa..
Smith likes cashews better than almonds and likes almond better than walnuts. He likes pecans equally as macadamia nuts and prefers macadamia nuts to almonds. Assuming his preferences are transitive, which does he prefer:
There are two identical firms in the industry, which set their quantities produced simultaneously.
For each of the following situations, i) Find the Marginal Rate of Substitution at the given bundle, and ii)
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