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List two methods that can be used to address theissue of heteroscedasticity
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- During the COVID-19 Lockdown in May, many rickshaw-pullers left the market of rickshaw-rides and went to their village homes to pursue other work. What can you conclude from the given information?Discuss all conclusions in detail.Are refridgerators elastic or inelastic? State determinants that support guess.Who detected the endowment effect first? Tell us about the design of the experiment and its main conclusions.
- Application. The outbreak of the bubonic plague- the Black Death- in 1348 reduced the population of Europe by about one-third within a few years, which resulted in a massive reduction in the labor force during the plague years. Suppose the outbreak of the bubonic plague- the Black Death- in 1348 did not cause the TEP. parameter to fall (this is a reasonable assumption for simplicity as the effect of the fall in TFP was much less significant than the effect of the massive reduction in the labor force during the Black Death, so the effect of the fall in TFP was negligible compared with the massive reduction in the labor force during the Black Death). Using the complete intertemporal model developed in class, brieáy explain the eşects of the outbreak on the equilibrium values of real wage, output, real interest rate, consumption, investment, and the price level.isnt there only one unique outcome of iterated elimination?Which of the following is true? Neither FGT(α=2) nor FGT(α=3) satisfy the transfer sensitivity axiom. FGT(α=3) satisfies the transfer sensitivity axiom but FGT(α=2) does not. FGT(α=2) satisfies the transfer sensitivity axiom but FGT(α=3) does not. Both FGT(α=2) and FGT(α=3) satisfy the transfer sensitivity axiom.
- The following is an excerpt describing the Oregon Medicaid lottery: In 2008, Oregon implemented a limited expansion of its Medicaid program for low-income adults through a lottery, selecting names from a waiting list to fill a limited number of available spots. Those selected had the opportunity to apply for Medicaid and to enroll if they met eligibility requirements. Based on the description, you might describe the Oregon Medicaid lottery as a: randomized experiment "As if random" natural experiment a true natural experimentUse of the appropriate Learning strategy compensates a deficit in learning. Select one: True O FalseOwleodoxkxmmasw
- What are the main models for analyzing quasi-experiment data? Please briefly describe the main ideas and differences between these models.Suppose a US medical board is using marginal analysis to determine the optimal screening frequency for a specific disease. Below is the approximate number of early cases that screening at various frequencies will detect. The frequency of screening is how often the entire population (of 5,000 people) will be screened over a 10-year period. For example, a Frequency of 5 means the entire population will be will be screened 5 times over a 10-year period. Suppose further that each early detection case is considered to have a benefit of $50,000 and the cost of screening the population is $9,000,000. Frequency of screening the population (number of times over 10 year period) 10 1 12 3 14 Total Number of Early Detection Cases 10 400 700 900 1000 1000 I 5 Using the marginal benefit/marginal cost rule, what is the optimal frequency for screening (over this ten-year period)? 2 times 5 times 3 times 4 times
