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1. Why does not a political equilibrium lead to efficiency in the way that equilibrium in private goods markets does?
2. Why is a voter in the "middle of the pack" likely to be satisfied with the outcome of political decisions?
Suppose that a researcher, using wage data on 250 randomly selected male workers and 280 female workers, estimates the OLS regression Wage = 12.52+2.12× Male,R^2 = 0.06,SER = 4.2, (.23) (0.36) where Wage is measured in dollars per hour and Male is ..
Moreover, she can expect a 5% salary increase each year with this employer. Apply the concept of opportunity cost to calculate the economic cost (as opposed to the accounting cost, which would not factor in opportunity cost) of pursuing the MBA ov..
Explain how does Global Intellectual Property Laws affect Telecommunication industry economic growth.
Assume a randon variable x, that is uniformly distributed between 25 and 50. a. What is the mean of x? b. What is the standard deviation of x? c. What is the probability that x is between 28 and 37?
Use the aggregate demand-aggregate supply model to illustrate graphically the short-run and long-run impact of this decline on output and prices.
Discuss the impact of foreign economic aid from rich countries to LDCs and should developing nations continue to seek such aid?
Suppose there are two airlines, each one runs one flight a day to Chicago. Delta runs one at 8AM and United runs one at 6PM. There are 100 people whose preferences are evenly distributed between 8AM and 6PM. Each consumer values the flight at $300..
As an worker of the world bank you have been proposed to research the requirements of a country with a particular economic concern. For this project choose a nation and an economic concern such as population, unemployment etc.
Which of the following is the result of competing through advertising for a monopolistically competitive firm? Which of the following is true about advertising?
Suppose that the trade pattern of a country is that it exports foodstuffs and imports fancy sports equipment. Can you make a case that trade acts like a regressive tax in its impact on the distribution of real income and welfare within the countr..
Illustrate what happens to the dollar price of the dinar. Does the dinar appreciate or depreciate relative to the dollar.
The World Bank is currently advising newly industrialized nations on how to increase growth and they have asked for your help.
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