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a) What is a counterfactual, and what is the fundamental problem of causal inference? How does random assignment of a treatment address this problem?
b) Describe David Freedman’s views on whether applying econometric techniques (e.g., regression analysis) to non-experimental (social science) data adequately addresses this problem. Include Freedman’s views on the role of “research design” and discuss how John Snow’s “cholera” study fits into Freedman’s critique of the overuse of statistical techniques in the social sciences.
Develop a four- to five-page APA-style paper that assesses a public policy of your choice that directly impacts the local government in the area where you reside. You must include the details of the public policy and analyze the effects (positive and..
A furniture maker has an order for 98 identical tables. If the furniture maker estimates his learning curve at 82% and can reach steady production of 7 hours per table on the 6th table, how long should it take to make all the tables? Express your ans..
Illustrate what government body makes fiscal decisions. Policy makers for national fiscal policies. Explain the effects of fiscal policies.
An old wooden bridge over a bay is in danger of collapse. The highway department is considering two alternatives to alleviate the situation and provide for expected increases in future traffic. One plan is a conventional steel bridge, and the other i..
What are transnational corporations and how are they different from other business firms Why have the MNCs become more important in international political economy during the past three decades What kind of economic and political impacts do they have..
The net result was the Japan's automobile industry improved its productivity throughout this period relative to the US, which generally just kept up with inflation due to its already high rate of accumulated experience also relatively slow growth.
was low at a point and time in past human capital is also relevant never ever use selection bias! Equipment is it investment or is it technological change.
Use the income statement below to find the financial ratios for (a) cost of goods sold, (b) gross profit, (c) operating expense, and (d) net income before taxes.
The Sunshine Corporation finds that its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the accompanying table.
Elucidate how the factors determining resource demand differ from those determining product demand. Explain the meaning and significance of the fact that the demand for a resource is a derived demand. Why do resource demand curve slope downward.
Discuss how you can use the laws of demand and supply to explain the following scenarios: Scenario 1: After world gasoline prices jumped in the late 2000s, global bicycle sales rose to more than 1 million per month.
"I'd rather have a 1% pay cut when prices fall by 3% than a 5% pay increase when the rate of inflation is 8%." This is an example of: Irrationality, Rising real wage, Deflation always being better than inflation, Excessive aggregate demand.
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