a. Plot the ination rate of Canada, France, Germany, Italy, Japan, and the United Kingdom against the United States ination rate. Comment generally about the behavior of the ination rate in the six countries vis–vis the U.S. ination rate. If you nd that the six countries ination rates move in the same direc- tion as […]

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As a benefit to employees, many universities offer their clerical and administrative employees free tuition for themselves and their families. Why might universities prefer this to simply offering the employees more money? Some universities prefer offering their clerical and administrative employees free tuition for themselves and their families than to simply offer their employees more […]

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In Problem 12, suppose that each firm has a $10 million direct sales budget to allocate between the two markets. Again, revenues in the markets are split in proportion to direct sales dollars spent. Create a three-entry spreadsheet to find firm As total revenue if it spends $7 million in market I (and the remainder […]

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Firm S is the only producer of a particular type of foam fire retardant and insulation used in the construction of commercial buildings. The inverse demand equation for the product is P = 1,500 – .1Q, where Q is the annual sales quantity in tons and P is the price per ton. The firms total […]

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a. In 2009, the Japanese beer industry was affected by two economic events: (1) Japans government imposed on producers a tax on all beer sold, and (2) consumer income fell due to the continuing economic recession. How would each factor affect (i.e., shift) demand or supply? What impact do you predict on industry output and […]

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If a basketball player is a 74% free throw shooter, then, on average, how many free throws will he or she make in a game with eight free throw attempts? Suppose that a college student is taking three courses: a two-credit course, a three-credit course, and a four-credit course. The expected grade in the two-credit […]

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Suppose the unemployment rate in the United States goes from 6.4% in one year to 5.6% in the next. What is the percentage point decrease in the unemployment rate? By what percentage has the unemployment rate fallen? The unemployment rate in one year is 6.4% and in next year is 5.6%. (i) The percentage point […]

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Suppose you want to test whether girls who attend a girls high school do better in math than girls who attend coed schools. You have a random sample of senior high school girls from a state in the United States, and score is the score on a standardized math test. Let girlhs be a dummy […]

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C13 Use the data in WAGEPAN.RAW for this exercise. Consider the unobserved effects model lwage it 5 b 0 1 d 1 d81 t 1 1 d 7 d87 t 1 b 1 educ i 1 g 1 d81 t educ i 1 1 d 7 d87 t educ i 1 b 2 union it […]

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In 1985, neither Florida nor Georgia had laws banning open alcohol containers in vehicle passenger compartments. By 1990, Florida had passed such a law, but Georgia had not. Suppose you can collect random samples of the driving-age population in both states, for 1985 and 1990. Let arrest be a binary variable equal to unity if […]

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