MULTIPLE CHOICE (CHAPTER 4) 1. Using a sample of 100 consumers‚ a double-log regression model was used to estimate demand for gasoline. Standard errors of the coefficients appear in the parentheses below the coefficients. Ln Q = 2.45 -0.67 Ln P + . 45 Ln Y - .34 Ln Pcars (.20) (.10) (.25) Where Q is gallons demanded‚ P is price per gallon‚ Y is disposable income‚ and Pcars is a price index for cars. Based on this information‚ which is NOT correct
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Barney‚ which of the following is true? Barney has a comparative advantage in making unicycles and Fred in making pogo sticks. For each bottle of wine that Italy produces‚ it gives up the opportunity to make 10 pounds of cheese. France can produce 1 bottle of wine for every 25 pounds of cheese it produces. Which of the following is true about the comparative advantage between the two countries? Italy has the comparative advantage in wine. Whether carried out by an individual or a country‚ production
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Answers of Managerial Economics Homework #2 Chapter 5~Chapter 9 1.Using figure 5.3 as a basis‚ construct a series of four figures to show the effect of an increase in the demand for tanker service on the market price when (a) demand is extremely inelastic‚ (b) demand is extremely elastic‚ (c) supply is extremely inelastic‚ and (d) supply is extremely elastic. Answer: [pic] [pic] [pic] [pic] 2.Industry researchers R.S. Platou predicted
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ST. SCHOLASTICA’S COLLEGE Manila INCOME TAXATION Quiz 1 (nonBSA) 2nd Semester SY 2014-2015 Name: _________________________Section__________ Score/Average: ______ Date: ________ A. TRUE OR FALSE: Write T if the statement is True or F if the statement if false: F_____ 1. The power of taxation is absolute because it is the strongest of all power of the government T_____ 2. The power of taxation can be exercised without limitation because its scope is unlimited. F_____ 3. Uniformity
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3.1 I would like to make the example as China economy in order to analyze how the structure of an economy has changed in the 21st century. To a variety of industries around the world is divided into three categories: primary industry‚ secondary industry and tertiary industry. Primary industry refers to the provision of production industries‚ including forestry‚ farming‚ aquaculture‚ animal husbandry and other natural objects as objects directly in the production sector. The second refers to industrial
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Performance evidence record Unit 213……………………………..…………………………………………………………………….. Candidate name: Christopher storey ………………………………………………………………………….. Use this form to record details of activities (tick as appropriate) observed by your assessor seen by expert witness seen by witness self reflective account Knowledge NB Your assessor may wish to ask you some questions relating to this activity. There is a separate sheet for recording these. The person who observed/witnessed your activity must sign
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GCSE Set Text – Aeneid II (268-280‚ 298-317‚ 624-654‚ 671-716‚ 768-795) 268 - 280 tempus erat‚ quo prima quies mortalibus aegris It was the time at which the first rest begins for weary incipit et dono divum gratissima serpit. mortals and creeps most welcome by the gift of the gods. in somnis‚ ecce‚ ante oculos maestissimus Hector 270 In my dreams‚ look‚ in front of my eyes Hector most gloomy seemed to stand visus adesse mihi largosque effundere fletus‚ before
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Getting things done through people and other resources and providing leadership and direction are what managers do. True An example of global sourcing is seen when Gap‚ Inc uses low-cost Caribbean labor to cheaply produce their clothing‚ and then finish off and sell their clothing in the United States. True The manager’s function in an organization is the same as the supervisor’s. True Most early interpretations of the Hawthorne studies agreed that money was the cause of the increased output.
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Lecture 1: Introduction and What is GDP? Siwei Kwok September 26‚ 2013 Kwok Econ 2 September 26‚ 2013 1 / 31 Motivation In Econ 1‚ you studied: Consumer and rm decisions → supply/demand curves → market equilibrium under perfect competition Government action: price ceiling‚ price oors Positive and negative externalities Imperfect competition: monopolies‚ oligopolies‚ cartels Note that all of the above considered‚ at most‚ a couple markets at the same time
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STUDY QUIZ -- UNIT I 1. Why does a live performance provide a special excitement? 2. What will enhance our ability to evaluate and enjoy music? 3. Why is John Cage’s composition 4’ 33" particularly interesting? 4-7. What are the four main properties of musical sound? 8. What determines the pitch of a sound? 9. The distance between two pitches is called an ______________. 10. If a pitch has a frequency of 100 cycles per second‚ what is the frequency of the pitch one
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