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In what way and for what purpose are
(a) economic theory,
(b) mathematics, and
(c) statistical analysis combined to form the ?eld of study of econometrics?
Microeconomics, Economics
Question: France and Tunisia both have Mediterranean climates that are excellent for producing/harvesting green beans and tomatoes. In France it takes two hours for each worker to harvest green beans and two hours to har ...
Question: Calculate the simple multiplier if the marginal propensity to consume is 0.4, investment rises $0.05 for every $1 billion increase in income, and net exports decline $0.08 for every $1 billion increase in incom ...
Question: Suppose the government imposes a payroll tax of $1 per hour of work and collects the tax from employers. Use a graph for the market for labor to show the effect of the payroll tax, assuming the special case of ...
Question: Suppose inputs are only substitutable at two units of labor for every one unit of capital and one unit of output is produced for every unit of labor or 1/2 unit of capital. What would be the equation for the pr ...
Question: In the small closed economy of Banana Republic, the currency is the dollar. Statistics for last year show that private saving was 60 billion dollars, taxes were 70 billion dollars, government purchases of goods ...
Question: 1. "Colombia, Brazil Advance Proposal to Withhold 10 Percent of Export Output" (Wall Street Journal, September 23, 1991, p. B6). A Colombian delegate to the International Coffee Organization said that if all it ...
Question: Select a developed country that has implemented a tariff and a developing country that manufactures products that are affected by that same tariff. Investigate the impact of the trade barrier on the developing ...
Question: Larry is investing in the Martian stock market of the future. Suppose Larry has the Utility function U(R, s)=R-0.3s^2. In this case R is "return", and s is "risk". Find the marginal rate of substitution of s fo ...
Question: You can choose between Machine A or B. Your interest rate is 6%. You need a Machine for an infinite time. a. Machine A costs $22,000 and lasts for 3 years. It has no salvage value and costs an additional $15,00 ...
Question: Suppose the value of the Japanese yen rises 20%, but in order to maintain market share in the US, major Japanese companies decide not to raise the prices. As a result, their imports do not change, but profits o ...
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