Identify the most likely type of causal relationship for the two situations below, and explain why. There may be more than one correct answer, you are getting marked solely on your explanation. The first variable listed is the independent variable and the second is the dependent for this question. Each - One for the type and one for the justification] 1. Cause and Effect 2. Common-Cause Factor 3. Reverse Cause and Effect 4. Accidental 5. Presumed
Q: The supply chain for Pappy Van Winkle bourbon is characterized by a monopolist upstream producer and…
A: Demand function : P = 140 - 2Q Marginal Cost of producer : MCm = 30 + 2Q Marginal cost of retailer…
Q: What is one benefit to business if the government runs a surplus?
A: When a government's entire revenue for a certain period, such as a fiscal year, exceeds its total…
Q: What are the main products that Egypt exports and to who? What are the main products that Egypt…
A: The answer is based upon the trade data of Egypt available at "OEC World"
Q: For the cash flow shown below, find the followings at i-10% per year: A) The present worth at 0 B)…
A: The given series of cash flow is uniform and the value of annual uniform cash flow is $1000 The…
Q: 4. Calculate the present equivalent at i = 15% per year using arithmetic gradient interest factors…
A: Cash flow in economics refers to the movement of cash into or out of a business or individual's…
Q: Complete the sentence: “According to Real Business Cycle Theories of the business cycle,…
A: The natural swings in economic activity that take place over time in a market-oriented economy are…
Q: 2. In the design of a new facility, the mutually exclusive alternatives in the table below are under…
A: The Annual Worth Method is a capital budgeting technique used to evaluate and compare investment…
Q: Use the following table to determine the levels of M1 and M2 In the United State Money Categories in…
A: M1 and M2 are money supply which are also part of narrow money. M1 includes currency, demand…
Q: The equations below describe the aggregate demand of an economy. There are neither a flow of goods…
A: The IS-LM model is used to analyze the equilibrium level of output and interest rate in an economy.…
Q: a. What increase in aggregate demand is necessary to achieve this? $ 15 billions. b. If successful,…
A: Aggregate demand refers to the total demand for commodities and services made by all the economic…
Q: What would likely happen to the level of economic activity if the government took the necessary…
A: When a government spends more money than it brings in from taxes and other sources of income, it has…
Q: Imagine a small town in which only two residents, Rochelle and Alec, own wells that produce safe…
A: Marginal social cost (MSC) refers to total cost to society as a whole for the production of an…
Q: With what probability does player 1 play Down in the mixed strategy Nash equilibrium? (Input your…
A: Mixed strategy nash equilibrium is the one in which at least one of the players plays a randomized…
Q: Compute to three decimal places. Initial values are: PX = $9500 PY = $10000 I = $15000…
A: Elasticity refers to the degree of responsiveness of a variable (such as quantity demanded or…
Q: Andover Bank and Lowell Bank each sell one-year certificates of deposit (CDs). The interest rates on…
A: Interest rate in economics refers to the cost of borrowing or the return on lending. It represents…
Q: The Preservation Embalming Company's cost data have been partially entered in the table below.…
A: Total cost is the sum of fixed and variable cost. Fixed cost is equal to total cost when zero units…
Q: What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 6 years…
A: Given: Interest rate = 8% compounded bimonthly Quarterly payments @ $4,500 each quarter for 6 years…
Q: Q7. What is the Keynesian prescription for inflation? ( Pick 1 letter) A. Keynesians prescribe…
A: Keynesian economics is an economic theory that emphasizes the role of government intervention in the…
Q: The following figure illustrates the demand and supply curves for a good. Price (5) 888 60 40 0 5 10…
A: In case of Price Control, government intervenes the market to set the upper and lower limit of the…
Q: Consider first the goods market model with constant investment that we saw in Chapter 3. Consumption…
A: IS curve consists of all those points on which goods market is in equilibrium. Equation of IS curve:…
Q: Given that Nathan has 10 acres and can grow 15 bales of hay or 40 bushels of corn on an acre, while…
A: Given that: Acres of land Nathan owns = 10 acres Nathan can produce 40 bushels of corn or 15 bales…
Q: . Make a written report about Consumer Aggregate 2.Adv and Disadv of consumer aggregate 3.Make a…
A: The total wealth, income, and spending of all individuals within an economy is known as the consumer…
Q: Assume that you have a production function f(x, y) = √ x + ln(y). The marginal product with respect…
A: The marginal product of input refers to a change in output due to a change in input, keeping other…
Q: Worldwide quarterly sales of a brand of cell phones were approximately q = −p + 156 million phones…
A: This question is rely on the idea of equilibrium price. Knowing the situation of equilibrium price…
Q: The following report appeared in the New York Times on August 7, 1989: "But now the sentiment is…
A: A "soft landing" in economics refers to a gradual slowdown of economic growth to a sustainable level…
Q: Susan has a choice between two perpetuities payable at the beginning of every month. The first pays…
A: Given:Growth Rate (g) = 1% per monthInterest (i) = 20%/12 = 1.667% First annuity: $100 today and…
Q: On the following graph, use the green line (triangle symbol) to plot the demand curve for Falero's…
A: The perfect competition is the market condition in which there are many buyers and sellers in the…
Q: Nettie can produce either 8 cupcakes or 4 hamburgers. Becky can produce either 4 cupcakes or 8…
A: Comparative advantage is an economic principle that an economy or individual can benefit from the…
Q: 1. Use the model of the small open economy to predict what would happen to the trade balance, the…
A: Disclaimer- “Since you have asked multiple question, we will solve the first three question for you…
Q: A Canadian company imported 100 TV sets from Korea for $250 each in 2018. The company sold 80 of…
A: GDP or gross domestic product is the sum of the value of all end commodities produced within the…
Q: for $92,500 or sold to a smaller company for $40,000. The current machine will have an annual…
A: To decide whether the presently owned machine should be replaced at present or after 3 years from…
Q: An increase in the money supply occurs when Question 16 options: the price level falls. the…
A: Money supply refers to the total amount of money circulating in the economy, including cash,…
Q: 2. You purchase special equipment that reduces defects by $10,000 per year on an item. This item is…
A: In economics, present worth (PW), also called present discounted worth, is the value of an expected…
Q: A rise in the equilibrium wage rate will result in what change in the ADIAS model? (Pick 1 Answer)…
A: Aggregate demand is the sum of consumption, investment, government spending and net export.…
Q: QUESTION 9 Which shift does show a smaller quantity demanded Q at the same price P? O Price Price Pº…
A: Demand curve is the downward sloping curve. Equilibrium is where the demand curve intersects the…
Q: Diminishing returns to physical capital implies that, when the human capital per worker and the…
A: Diminishing returns refers to the disruption of the entire process of production as additional units…
Q: 1. What is the marginal rate of technical substitution at each cost minimizing equilibrium point?…
A: The marginal rate of technical substitution (MRTS) depicts the rate at which a producer can…
Q: Which product likely has a moe in elastic demand a movies ticket at lifesaving medication
A: Elasticity of demand reffers to the a measure which help to calculate effect on the quantity…
Q: Answer these questions about GDP: a. Could next year’s real GDP exceed next year’s nominal GDP? b.…
A: The entire monetary worth of all goods and services produced inside a nation's borders over a given…
Q: For the cash flows shown below, determine the present worth at year 0 at i=6% per year. 11 $3500…
A: In the cash flow diagram, the annual payment start at the end of year 2, and there is uniform…
Q: Name at least one fiscal policy and one monetary policy the federal government enacted in response…
A: Fiscal policy: The use of government spending and taxation policies to influence economic activity,…
Q: The less salient is a tax to consumers, the greater the incidence on: A) consumers B) producers C)…
A: Tax is a compulsory payment made by consumer/producer to the government without having any direct…
Q: 3. Maximize the following total revenue TR and total profit functions by i. finding the critical…
A: First order condition for maximization is to find critical value by setting first derivative equal…
Q: Maintenance cost for small bridge with an expected 50 year life are estimated to be $15,000 each…
A: Given: Estimated life = 50 years Interest rate = 10% compounded monthly Annual cost for initial 7…
Q: Rose growing is a perfectly competitive industry and all rose growers have the same cost curves. The…
A: In a perfectly competitive industry, the firm works at a level where the market price is equal to…
Q: Why some economists worry that there could be "moral hazard" risk after US government bailed out…
A: In economics the moral hazard refers to a situation where in one party engages in risky behavior…
Q: 1. Should Fauziya have stayed in Togo and accepted her country's cultural practices? Why or why not?…
A: Social cultural factors influence the belief of people in society, their values, attitude, and…
Q: A skateboard manufacturer produces skateboards at a cost of $45 each, monthly fixed cost of $9000.…
A: Per unit cost of skateboards: $45 Monthly fixed cost: $9000 Let x be the quantity of skateboards…
Q: Solve the following question with complete solution and include cash flow diagram in handwritten…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: Suppose that P=100-Q, MR-100-20 OQ-25, P-75, ATC-70, Profit=125 OQ-33.3, P-66.7. ATC-67, Profit=-1…
A: Demand curve shows an inverse relationship between price and quantity. Marginal revenue lies below…
Step by step
Solved in 3 steps
- 2. Consider an insurance salesperson who plans to visit 10 randomly selected families today. The outcome associated with each visit is classified as a success if the family purchases an insurance policy and a failure if the family does not. Are the ten family visits Binomial experiments for each of the following two cases? Why or why not? Case I: The salesperson's mood and physical condition do not depend on all the past visits. Case II: The salesperson's mood and physical condition do depend on all the past visits.15. Suppose you are hired by the MOH to study the determinants of child health. In addition to several factors which can be measured quantitatively each child falls in one income quintile from first quintile (Q1)—the poorest 20% of the household population to the fifth quintile (Q5)—the wealthiest 20%. How many dummy variables should be included in the regression equation for income? A. 7 B. 5 C. 6 D. 4 16. In the following equation, GDP refers to gross domestic product, and FDI refers to foreign direct investment. In(GDP) = 2.65 +0.222ln(BANKCREDIT) + 0.527FDI Which of the following statements is then true? A. If GDP increases by 1%, bank credit increases by 0.222%, the level of FDI remaining constant. B. If bank credit increases by 1%, GDP increases by 0.222%, the level of FDI remaining constant. C. If GDP increases by 1%, bank credit increases by log(0.222)%, the level of FDI remaining constant. D. If bank credit increases by 1%, GDP increases by log(0.222)%, the level of FDI…In the context of econometrics, what does establishing Granger causality between two variables imply? A. There is a long-term equilibrium relationship between the variables. B. Past values of one variable can be used to predict the future values of another variable. C. There is a theoretical economic relationship between the variables. D. The variables are correlated.
- Whether a certain criterion is determinant or not is independent of the situation in which a product is consumed. True False In the context of disposing of consumer refuse, recycling cuts down on garbage while providing raw materials for other new products. True False Which of the following is a fundamental emotion evoked by positive, anticipatory appraisals that signal uncertainty about a positive outcome? a. Hope b. Confusion c. Surprise d. Pride Which of the following best describes chronic, repetitive purchasing behaviors that are in response to negative events or feelings? a. Addictive consumption b. Impulsive purchasing c. Window shopping d. Compulsive buying Retaliatory revenge is when a consumer yells insults and makes a public scene in an effort to harm the business. True FalseQuestion 1The economic utilities help assess consumer purchase decisions and pinpoint the drivers behind those decisions. Companies strive to increase the utility or perceived value of their products and services to enhance customer satisfaction, increase sales, and drive earnings. (a) Briefly explain any THREE (3) types of economic utility as add value toservices. How do these values affect the overall distribution activities?(b) Discuss any FIVE (5) determinants for rate pricing as part of distributioncommitment. Relate your answers with local distribution using truckingoperations as an exampleI wanna ask, this is an exercise. What is the possible 'significance of study' if we focus our research on the topic entitled "The Impact of the Pandemic on Cost of Living between Different Income Level".
- 3. In the theoretical Malthusian model, the law of motion of population is given by Lt+1 = nt Lt. However, we use the equation Lt+1 = 2(AX)a (L₁)¹-a to solve the model. Explain how the two equations relate, and why we can't use the first one to solve for the evolution of population directly. 4. Suppose the utility function of parents is given by u(c, n, h) = (1 - y) lnc + y(ln n + Bln h), where c is consumption, n is number of children, and h is their human capital. As in the model we saw in class, h = h(e, g) where e is the level of education of the child and g is the growth rate of technology. Interpret the parameter 3. What does it mean for the cross derivative of h with respect to education and technology growth to be positive (heg > 0)?10. Ecological fallacy occurs when a researcher interprets the results of group-level data to the individual level. A. TrueB. FalseC. None of the aboveReview the logic of spuriousness. Can you think up an example where an observed relationship between two variables could actually be explained away by a third variable?
- 1. What is the advantage of an experimental study? a. Experimental studies are less expensive to conduct than observational studies b. The researcher can eliminate bias by removing the influence of confounding factors c. The results of an experimental study are usually more generalizable than the results of an observational study d. Experimental studies identify correlation instead of causation 2. Researchers conduct a study measuring how house prices jump across school zone boundaries. They find that houses on the lower-ranking side of a school zone boundary have distinctly lower prices than houses on the higher-ranking side of a school zone boundary. This is an example of: a. An experimental study b. An instrumental variables study c. A regression discontinuity study d. A difference-in-differences study1. Data collection, compilation, and analysis from secondary sources using suitable reference (APA, for example). 2.Examine acquired data and update it so that it is relevant to the context, audience, and purpose. 3. Text (facts, assertions, statistics, etc.) is combined with graphic components such as tables and figures to create a dynamic and entertaining presentation. to design a Message for a specific Audience, with a specific Purpose with the purpose of delivering a certain outcome. Deliver a 4-minute presentation on a topic of your choice that is clear and succinct. I propose that you select a topic that you are comfortable with. You may give a presentation on "how to make coffee in the morning" or "how to find the "best" parking spot," for example. Instructions Identify the presentation's goal and explain why your presentation will be beneficial to your audience. Provide clear and concise context to ensure that all topics are understood immediately. Make your presentation.…Exercise 2. In order to encourage energy conservation, many public utility companies charge consumers a higher rate on units of electricity consumed in excess of some threshold amount. In contrast, a common practice by other firms is to offer “quantity discounts” to consumers who purchase large quantities of a good. Suppose income is $100, PX = $2 if theconsumer buys less than 40 units of X, and PY = $5.A. For the energy case, assume PX = $3 if the consumer buys more than 40 units of XB. For the “quantity discounts” case, assume PX = $1 after 40 units of X were consumed Draw the budget constraints in each of the cases above. What are the implications of the opportunity sets in terms of consumer behavior to consume each of the products?