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How can having panel data (with T=2 and n sufficiently large) help solve the omitted variables problem if the omitted variables are time invariant (don’t vary over time)?
Business Economics, Economics
As noted in Chapter 14 of A&A, distribution of income among various population groups followed roughly the same patterns in the USA, Sweden, and the former Soviet Union, despite the very different forms of economic organ ...
Here is some questions need help How will each of the following changes in demand and/or supply affect equilibrium price and equilibrium quantity in the given market; that is, do price and quantity increase or decrease, ...
Suppose that the six students listed below have applied for a bursary. 1. Justin 2. Gordon 3. Ahmed 4. Melanie 5. Olga 6. Ian Only three students can receive the bursary. Because they have all met the criteria for the bu ...
In what kind of economy is a central planning board or commission typically used to answer the basic economic questions?
Some farm land is more productive than other land in the sense that it can grow more food per hectare. Farmers also use fertilizer to grow food (i.e. adding fertilizer increases crop yield by 10 percent) earn more revenu ...
In an inquiry into the nature and causes of the wealth of nations, Adam Smith listed three reasons for productivity to increase with specialization. What are these three reasons?
Use the standard normal distribution or the? t-distribution to construct a 90?% confidence interval for the population mean. Justify your decision. If neither distribution can be? used. In a recent? season, the populatio ...
You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. A random sample of 44 gas grills has a mean price of $ ...
Wendy's fast-food restaurant sells hamburgers and chicken sandwiches. On a typical weekday, the demand for hamburgers is normally distributed with a mean of 500 and standard deviation of 90 and the demand for chicken san ...
"The current value of a company is $25 million. If the value of the company six year ago was $10 million, what is the company's mean annual growth rate over the past six years?" Please explain how the answer was reached ...
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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
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As