Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Econometrics Expert

problem 1: Please prepare a short but complete answer to the given problems:

A) How is economics like a science?
B) Why is economics a ‘social’ science?
C) Why do economists sometimes offer contradictory advice to the policymakers?
D) Should an economic model describe reality exactly?

problem 2: Describe each of the given statements from the viewpoints of equity and efficiency.

A) Everyone in society must be guaranteed the best health care possible
B) When workers are laid off, they must be able to collect unemployment benefits until they find out a new job.

problem 3: Categorize each of the given statements as positive or normative. Describe.

A) Society faces a short-run trade off between inflation and unemployment.
B) In a market, when quantity supplied surpasses quantity demanded, price tends to drop.
C) When finding out tax rates, the government must take into account the income needs of individuals.
D) The Federal Reserve must decrease the rate of growth of money.
E) Lower tax rates encourage more work and more saving.

problem 4: Categorize the given topics as relating to the microeconomics or macroeconomics.

A) A family’s decision regarding how much income to spend on food.
B) The effect of government regulations on auto emissions.
C) The impact of higher public saving on the economic growth.
D) A monopolist’s decision regarding how many units to sell.
E) The relationship between the inflation rate and the unemployment rate.

problem 5: STATA exercise: After reading the paper by Gwartney and Haworth, “Employer Costs and Discrimination:  The Case of Baseball” use the file Dataset1.dta, to do the following.

A) Making summary statistics for the three variables Balack47, Black52 and Won.
B) Make a graph with Won on the vertical axis and Black47 on the horizontal axis.
C) Run a simple regression with Won as the dependent variable and Black47 as the independent variable.

  • What percent of the total variation in the variable Won is described by Black47?
  • What is the impact of an additional black player year on the percentage of games won? What would be the impact of a one-standard deviation change in additional black player years on the percentage of games won? What would be the expected percentage of games won for a team which remained all white?
  • Test the null hypothesis that Black47 has a zero consequence on the percentage of games won using a 5% level of significance.

D) Add up the predicted regression line to the graph you drew earlier.

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M92739
  • Price:- $70

Priced at Now at $70, Verified Solution

Have any Question? 


Related Questions in Econometrics

Elaine makes delicious cupcakes that she mails to customers

Elaine makes delicious cupcakes that she mails to customers across the country. Her cupcakes are so delicious that she has a great degree of pricing power. Elaine's customers have identical demands for cupcakes. A repres ...

Many corporations allow ceos to use the firms corporate jet

Many corporations allow CEOs to use the firm's corporate jet for personal travel. The Internal Revenue Service (IRS) requires that the firm report personal use of its corporate jet as taxable executive income, and the Se ...

For each of the graphs in figure 1 determine whether the

For each of the graphs in Figure 1, determine whether the curve has a positive or negative slope. Give an intuitive explanation for what is happening with the slope of each curve.

1 provide some examples of unavoidable fixed costs how are

1. Provide some examples of unavoidable fixed costs. How are these related to sunk costs? Describe why a firm should not consider sunk costs when making decisions. 2. Describe the relationship between fixed, variable, an ...

1 what is a cavity resonator2 how do the dimensions of a

1. What is a cavity resonator? 2. How do the dimensions of a rectangular cavity resonator determine the frequencies of oscillation of the resonator? 3. Discuss the condition required to be satisfied by the incident, refl ...

Chris and pat like both beer and pizza chris views pizza

Chris and Pat like both beer and pizza. Chris views pizza and beer as perfect one-to-one substitutes. Pat believes that beer and pizza are perfect complements, and always consumes them in one-to-one proportions. a. Const ...

What if at a low level of interest rates the money demand

What if, at a low level of interest rates, the money demand curve became nearly horizontal, as in the following graph. That is, with interest rates so low, the public would not find it attractive to hold bonds; thus, mon ...

Module 09 written assignment - create a cover letterby now

Module 09 Written Assignment - Create a Cover Letter By now, you may have already begun to start your job search for your chosen career as a medical assistant. Resumes and cover letters are the first indication a potenti ...

The data in the following table represents real gdp per

The data in the following table represents real GDP per capita in 1969 and in 2009 for five countries. Fill in the table by calculating the annual growth rate in real GDP per capita from 1969 to 2009. Is the data in the ...

1 what types of solutions can address the tragedy of the

1. What types of solutions can address the tragedy of the commons? 2. What is the main prediction of the Coase theorem? 3. What are the two defining properties of public goods? 4. When is a public good being produced eff ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen