How can you estimate the magnitude of “supplier induced demand”? (Please describe the empirical data you propose to use, and the specification of the regression). What is the identification challenge? How would you address the identification issue?
In: Economics
What is the usual meaning that economists give to the expression “the value of a statistical life” (VSL)? Describe two different ways that you could estimate this value. Why is empirical measure of VSL important for environmental policy making?
In: Economics
Determine the empirical formula of a compound that has the following percent composition: 45.27% carbon, 9.50% hydrogen, and 45.23% oxygen. If the molecular mass of the compound is 212.38 g/mol, what is the molecular formula of the compound? (C4H10O3; C8H20O6)
In: Chemistry
When 0.500 g solid sodium reacts with chlorine gas, a solid with a mass of 1.27 g is formed (sodium chloride). Based upon this information, what is the empirical formula of sodium chloride? Show your calculations.
In: Chemistry
Explain carefully why the empirical finding that the real exchange rate is mean reverting and the PPP condition holds in the long-run constitutes evidence in favour of the view that nominal shocks are the predominant source of business cycle fluctuations.
In: Economics
Explain the theory of the business cycle. What is the empirical evidence on this theory? Select any three countries to highlight your answer. Do your results support the classical/neoclassical or modern political economy school of thought?
In: Economics
What are the currently known theoretical/empirical relationships between taxation and social welfare? What are the implications for public policymaking? Draw upon any taxation covered in class. Answer must incorporate the rational individual model.
In: Economics
Caribbean perspectives on social structure is yet to provide an adequate explanation for emergent social phenomena in our societies.
What is your view? Use empirical studies conducted in the English speaking Caribbean to support your position.
In: Psychology
a. What do empirical findings suggest regarding the short run and medium run effects of technological change on employment/unemployment?
b. Explain the two factors that determine spending on Research and
Development, as discussed in your textbook?
In: Economics
Explain the empirical framework for the Capital Asset Pricing Model. Discuss
its components and explain how an active portfolio manager can use a
performance ratio obtained from these components to evaluate the
performance of an active investment.
In: Economics