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Suppose the country of Lilliput exported 229 billion dollars worth of goods while they imported 489 billion dollars worth of goods in the last calendar year.
Business Economics, Economics
The table below shows the results of a survey that asked 2873 people whether they are involved in any type of charity work. A person is selected random from the sample. Frequently Occasionally Not at All Total Male 225 ...
The demand for salt is relatively price inelastic, while the demand for pretzels is relatively price elastic. How can you best explain why and elaborate your answer.
In a study of children with a particular disorder, parents were asked to rate their child on a variety of items related to how well their child performs different tasks. One item was "Has difficulty organizing work," rat ...
In a sample of PH.D students 80% have paid assistant-ships. A student is chosen at random from this sample. What is the probability that the student has a paid assistant-ships?
A student raises her hand in class and states, "I can legally copy any DVD I get from Netflix because Netflix purchased the DVD and the copyright only applies to the company who purchased the product." Explain whether th ...
Consider simple linear regression yi = β0 + β1xi + εi. (1) Let zi = a+ bxi and yi = γ0 + γ1zi + δi . (2) Show that the predicted values of the least-square estimators in (1) and (2) are identical for all xi and zi
Economics - Unemployment What kind of monetary and fiscal policies could be introduced to reduce unemployment? Why would we expect these policies to have inflationary consequences? Illustrate your answer diagrammatically
All of the following are examples of positive statements EXCEPT: Higher interest rates reduce construction activity. Higher interest rates are achieved by slowing the growth of the money supply. Economic output should no ...
How does a high-tech industry differ from most other industries? Provide two examples.
Imagine you've started a new pizza restaurant. It costs you about $6 to produce a pizza. Last week you sold 500 pizzas for $12 each. This week you raised your price and sold 375 pizzas for $14 each. What price should you ...
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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