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How does adverse selection affect the health insurance market? Do you think the Affordable Care Act adequately addresses adverse selection?
Business Economics, Economics
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For a population of individuals that has a standard deviation of 10, what is the standard error of the mean for samples of size (a) 2, (b) 3, (c) 4, (d) 5, (e) 10, (f) 20, (g) 100?
How does the Monopolies Make Production and Pricing Decisions in Economics?
Ads in the boring business magazine are read by 300 lawyers and 1000 MBAs. Ads in the consumer publication are read by 250 lawyers and 300 MBAs. If Harry has $3000 to spend on advertising... If the price of ads in the bo ...
State whether each of the following will increase, decrease, or have no effect on the population variance. (a) the sum of squares ( SS ) increases This change will increase the population variance. This change will decre ...
Prof G's farmer friend claims that aliens made crop circles in his farm. Using economic theory, prove his farmer friend wrong.
Suppose you do not know the population mean fee charged to H&R Block customers last year. Instead, suppose you take a sample of size n=40 and find a sample mean of 175. Assume that the distribution for fees is normally d ...
A marketing company conducted a study where women and men were asked to express a preference for one of two commercials-A or B-for the new iPhone XS. For the women, 44 out of 100 preferred commercial A. For the men, 79 o ...
The caloric consumption of 44 adults was measured and found to average 2,113. Assume the population standard deviation is 270 calories per day. Construct confidence intervals to estimate the mean number of calories consu ...
A Wall Street Journal article noted that a study by U.S. Congressional Budget Office "estimated raising the minimum wage to $10.10 per hour reduced U.S employment by 500,000 but lift 900,000 Americans out of poverty ". a ...
If the market for a good is operating in the inelastic range of market demand. Which of the two policy that follow is more effective when handling (technical) externalities: Cap-and-trade or emissions fee?
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