Suppose person A's marginal rate of return to schooling is higher than person B?s, but they have the same discount rate. Who is more likely to attend school longer?
A. A
B. B
C. Cannot be determined.
Walter earns $50,000 per year working as an accountant, Jessica is unemployed. Both want to go to college. The direct costs of enrolling in college are $25,000. Walter and Jessica face the same direct costs. The opportunity cost of going to college is
A. the same for both of them.
B. higher for Jessica.
C. higher for Walter
In: Economics
Identify a local/global problem or a positive aspect in current societies that might be caused by an economic policy that is based on an economic concept that was originally identified by the Mercantilist School of Thought.
Your answer needs to provide at least two paragraphs.
The first paragraph discusses the local/global problem or a
positive aspect in current societies.
The second paragraph explains how the concept that you identified
is causing the problem or the positive aspect.
Answer all the questions in well developed paragraphs. The paragraphs should be at least five or six sentences long, and they should clearly include a topic sentence.
In: Economics
In: Statistics and Probability
Tables or Graphs
Using the Internet, the text, or another reliable source such as a newspaper or periodical site, (not a scholastic or school site like Khan Academy and not Wikipedia), research some important data that has been presented in graph or table format. Make sure to cut and paste the chart or table; if that is not possible, paste a link to the webpage. (Check it to be sure it links correctly.) Present your graph and fully explain the information it is representing. Pose one question regarding the data and graph or chart for your fellow students to consider and respond to in your post.
Please include the website.
In: Statistics and Probability
9. The heights of a population of 100,000 men are normally
distributed with a mean of 68 inches
and standard deviation of 3. About how many men have heights
(a) below 64 inches?
(b) above 74 inches?
(c) between 62 and 74 inches?
10. Assume that the scores on the Graduate Record Exam (GRE) are
normally distributed with a
mean of 500 and a standard deviation of 115.
(a) Find the percentage of students who scored at least 600.
(b) A graduate school requires a GRE score in the 95th percentile
for admission. What actual
score is required?
In: Statistics and Probability
Keynes’s General Theory
1. When if ever, according to Keynes, will the theories of the classical school of economics come into their own?
2. What did Keynes consider the most important argument (before he refuted it) for tolerating inequality of wealth?
3. Keynes thought it was better for someone to tyrannize over ____ rather than over his fellow man.
4. Why, according to Keynes, did insufficient demand lead to wars in the nineteenth and first part of the twentieth centuries?
5. Keynes looked forward to the euthanasia of the _____. How would this be brought about?
In: Economics
In the following problem, check that it is appropriate to use
the normal approximation to the binomial. Then use the normal
distribution to estimate the requested probabilities.
It is estimated that 3.6% of the general population will live past
their 90th birthday. In a graduating class of 728 high school
seniors, find the following probabilities. (Round your answers to
four decimal places.)
(a) 15 or more will live beyond their 90th birthday
(b) 30 or more will live beyond their 90th birthday
(c) between 25 and 35 will live beyond their 90th birthday
(d) more than 40 will live beyond their 90th birthday
In: Statistics and Probability
In: Statistics and Probability
Identify a local/global problem or a positive aspect in current societies that might be caused by an economic policy that is based on an economic concept that was originally identified by the Mercantilist School of Thought.
Your answer needs to provide at least two paragraphs.
The first paragraph discusses the local/global problem or a
positive aspect in current societies.
The second paragraph explains how the concept that you identified
is causing the problem or the positive aspect.
Answer all the questions in well developed paragraphs. The paragraphs should be at least five or six sentences long, and they should clearly include a topic sentence.
In: Economics
In: Economics