Questions
Modernization Theory and Dependency Theory. What are the pros and cons of these theories? Do you...

Modernization Theory and Dependency Theory. What are the pros and cons of these theories? Do you think there is truth to both theories? Which theory do you think explains or describes the way the United States interacts with poor countries?

In: Economics

In a few paragraphs elaborate and compre 4 United States cities based on income education, gender,...

In a few paragraphs elaborate and compre 4 United States cities based on income education, gender, race (specifically white, black, and Hispanics) based on welfare. Why is this so? use two graphs to explain your view.

In: Economics

Do you think No Child Left Behind was an effective test-based accountability program? Why or why...

Do you think No Child Left Behind was an effective test-based accountability program? Why or why not?

Do you think the United States should pursue more test-based accountability programs? Why or why not?

In: Economics

Discuss the economic policies conducted by policy makers in the United States in response to the...

Discuss the economic policies conducted by policy makers in the United States in response to the spread of COVID-19. Discuss how effective these policies are in dealing with the economic consequences of this event. Please back your statements with applicable Macroeconomic concepts and such :)

In: Economics

Research topic "freedom of expression" First Amendment in the USA. Also rights at others countries are...

Research topic "freedom of expression" First Amendment in the USA. Also rights at others countries are given, particularly North Korea.

Discuss freedom of expression AND comparing freedom of expression in the United States to freedom of expression in North Korea.

In: Operations Management

Describe the responsible party model, explain why it advocates believe it would make for a more...

Describe the responsible party model, explain why it advocates believe it would make for a more democratic governement in the United States. Do you agree? Why? what do you think are the strenghts and weaknessess of this model. Explain.

In: Psychology

Discuss the major ways in which the Iraq War (2003-2007) impacted the Balance of Payments(BOP) account...

Discuss the major ways in which the Iraq War (2003-2007) impacted the Balance of Payments(BOP) account of the United States – (Be sure to consider both the Current Account and Capital Account components of the BOP). As detailed as possible please

In: Economics

Grant funding has been a major source of money for non-profit groups in the United States....

Grant funding has been a major source of money for non-profit groups in the United States. Based on the readings, what were the 2-3 or the most significant reasons a grant request fails?

Please list references.

In: Operations Management

Does Elevation Affect Temperature Mid-June? Suppose that you wanted to determine the effect, if any, that...


Does Elevation Affect Temperature Mid-June?
Suppose that you wanted to determine the effect, if any, that elevation has on temperature. The table below lists the elevations (in feet above sea level) of 24 randomly selected cities in the United States and the low temperatures (in degrees Fahrenheit) of these cities on June 15, 2020.

Elevation

1365

−282

5280

4551

6910

6063

3875

2730

7

1201

2001

1843

Low Temp.

56

79

56

56

39

55

42

51

74

63

73

48

Elevation

3202

2389

4226

1550

2134

2080

−7

141

909

50

338

1086

Low Temp.

64

73

56

53

58

57

80

55

74

56

69

78

  1. If Westerville is 875 feet above sea level, what is Westerville’s estimated low temperature for June 15, 2020?
  1. Before performing any regression analyses, what is the benefit of noting that the lowest and highest values amongst the elevation data are −282 feet and 6910 feet, respectively?

  1. What proportion of the variation in low temperatures can be explained by the linear relationship with elevation?

Give one example of a lurking variable that may also influence the response variable in this situation

In: Advanced Math

1.    For each of the following pairs of goods, which good is expected to have the...

1.    For each of the following pairs of goods, which good is expected to have the more price elastic demand?

[i]    Milk [all brands, grades] or President's Choice Cola [a generic brand of cola]

[ii]   Cell phone usage or matches

[iii] Restaurant meals or food [generally defined]

           [iv] Auto gas during the next 3 months or during the next 3 years

2.    In the United States in 1916, the Ford Motor Company sold 500,000 Model T fords at a price of $440. Henry Ford, the founder of the Ford Motor Company, believed he could increase sales of the Model T by 40,000 cars if he cut the price to $400.

[a] Use the provided information to calculate the anticipated price elasticity of demand [PED] for the Model T Ford.   

[b] Based on your calculation in [a], did Henry Ford believe demand for the Model T was elastic or inelastic?

[c]   Based on your calculation in [a], if Henry Ford wished to increase total revenue from Model T sales, should he have increased or decreased price?

3.     [a] A recent study found that the cross-price elasticity of demand for marijuana and beer is –

               0.63. In light of this result, are marijuana and beer complements or substitutes?

        [b] The income elasticities of demand for movies and clothing have been estimated to be +3.4

               and +0.5, respectively. What do the associated numerical values imply about the items?

4.    Which good do you expect would you expect to have a smaller price elasticity of supply in the short term – baby-sitting services or rental accommodation?

In: Economics