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Question
a) What is a simultaneous equation model?
b) What is the main problem of a simultaneous equation model?
e) Discuss the structural form and the reduced form of a model?
d) Which techniques can be used to solve for the structural-form when only the reduced-form model is available? What are the conditions?
c) Name and discuss the test used to test for Exogencity
Based on your knowledge, experience, and ideas, discuss data structures (such as arrays or array lists) in the language of your choice. Answer 2-3 of the following questions in your report:
A profit -maximizing ompetitive firms sells its product for $9 Its average total cost of producing this product is $10. The firm's profit maximizing output level is 10 units. How much total profit does this firm earn?
An unanticipated increase in the inflation rate will most likely:
QUESTION 1: If a physician receives a bonus for referring a patient for cardiac surgery to a specialty hospital nearby his office:
To what extent does the monopolistic competition model accurately reflect the taxi market in victoria?
Suppose that a caretaker government reduces government purchases and increases taxes.
What is the statutory length of time in your state that the squatter needs to "possess" your land in order to take ownership of it? Is this amount of time long enough, too short, etc? Why?
Suppose Consumer A has a utility function U(X,Y)= X+3Y. Consumer B's utility function is U(X,Y)= X*Y. Also there are a total of 18 units of good X and 9 total units of good Y. Using the Edgeworth Box, construct a contract curve. (please draw out p..
question 1 1.1 explain the effectiveness of the exchange rate regime being used in terms of achieving macroeconomics
At present political campaigns, taxes and budget policy were key issues. White House budget packages are often created to stimulate economic growth.
How does the "headcount" measure of poverty differ from the "poverty gap" measure? Do these two measures provide different information about the extent.
Why can the distinction between fixed costs and variable costs be made in the short run. Classify the following as fixed or variable costs: advertising expenditures, fuel, interest on company-issued bonds, shipping charges, payments for raw materi..
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