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Explain/justify the model specification which you use and discuss your results.

Economics Panel model in Rstudio Given the provided data, devise and estimate an appropriate panel model with which to investigate the determinants of FDI flows (from Germany to other countries), for a single industry (it does not matter which industry code you choose). Explain/justify the model specification which you use and discuss your results. State […]

If Coke increased its advertising expenditure by $1 million, by how much would the quantity demanded of Coke change?

Economics Question Assume that demand for Coke is estimated as: QC = 26 – 4PC + 2PP + 2AC + I + 9S where: QC = quantity demanded of Coke (ten million cases) PC = price of Coke (dollars per 10 cases) PP = price of Pepsi (dollars per 10 cases) AC = advertising expenditure […]

Should a nation tend to export or import goods for which it has a comparative advantage? Explain.

Please read the case “The Minimum Wage” from Chapter 6 “Supply, Demand, and Government Policies” Page: – 117 given in your textbook – “Principles of Macroeconomics”. A case study discusses the federal minimum-wage law. Questions: 1 Important Note: – Support your submission with course material concepts, principles, and theories from the textbook. Questions: 2 (5 […]

Discuss why the production possibilities frontier is concave (not a straight line)?

3.1 Construct a Production Possibilities Curve in Excel based on the following Production possibilities Schedule: Missiles Milk (millions of gallons) 0 40 10 34 20 27 30 19 40 10 50 0 What is the “shape” or the “slope” of the frontier or curve? Calculate the opportunity cost of producing the “first” batch of 10 […]

In Riyadh City Road traffic congestion is increasing day by day. As an economist how you see this problem? Suggest and explain an economist’s solution to this problem.

Economics Question Q1. In Riyadh City Road traffic congestion is increasing day by day. As an economist how you see this problem? Suggest and explain an economist’s solution to this problem. (3 Marks) Q2. What is opportunity cost? Draw a Production Possibility curve for a country producing two goods and show with help of an […]

How does economic theory help policymakers with energy policy, and what are its limitations?

Topic: Micro Foundations of Markets and Behaviour You are an economist, and part of an inter-disciplinary team set-up within the purview of the office of the Romanian Presidency. Thus your focus should be on the situation as it impacts on Romania only. Your task, within the inter-disciplinary team, is as follows: Part A To evaluate […]

Explain why Cue80 and Swmf g80 appear in the regression. Are the signs of their estimated coe¢ cients (+ or -) what you would have believed?

Essentials of Econometrics Empirical Exercises SW6 E6.1 Using the data set TeachingRatings described in Empirical Exercises 4.2, carry out the following exercises. (a) Run a regression of Course_Eval on Beauty. What is the estimated slope? (b) Run a regression of Course_Eval on Beauty, including some additional vari- ables to control for the type of course […]

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