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Developing countries often claim that growth and trade have left them no better off or perhaps worse off. How might you explain this result theoretically? Could this result obtain if the countries tended to be relatively small? Why or why not?
Business Economics, Economics
From a consequentialist perspective that has as its objective improving the standard of living of unskilled workers, is the introduction of a minimum wage ethically justified?
A survey of 455 citizens found 304 of them favor a new bill introduced to the city. We want to find a 95% confidence interval for the true proportion of the population who will favor the bill. What is the lower limit of ...
Briefly explain the meaning of the t-test for regression analysis. How can the "rule of two" be used to evaluate t-ratios?
Arrival of vehicles at New Jersey Turnpike toll booth on Saturdays at dawn is modeled as a Poisson Arrival process with a rate of 1.21 vehicles per minute. Let X be a random variable that records the number of arrivals b ...
Suppose there is no inflation and an insurance company offers a contract that would pay $500,000 with certainty 50 years from now. What is the most that this contract would be worth today if: 1. The rate of interest is 7 ...
1. What is GAAP? 2. What is an audit and why are audits performed? 3. What are the three main profibability ratios, and how is each calculated? 4. What is the value of an income statment?
Assume that a perfectly competitive firm has the following revenue and cost functions: TC= 5625 +5Q + 0.01Q^2 AVC=5 + 0.01Q MC=5 + 0.02Q TR=20Q A) What is the level of output that maximizes profits, if any? Compute profi ...
Q1. The market for apples is perfectly competitive. Say a typical firm has a marginal cost function of MC(q) = 2q. (1) The optimal quantity of apples to produce is 10 for the typical firm. How much revenue does the firm ...
How to perform a regression for barrels sold vs. US Pop. Write the estimated regression equation? The barrels sold are the dependent variables while US Pop is the independent variable.
A coin is flipped five times in an experiment. If x is the number of heads that turn out in the experiment, what is the set of possible values of variable x?
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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