MyLab Economics with Pearson eText -- Access Card -- for Economics
MyLab Economics with Pearson eText -- Access Card -- for Economics
7th Edition
ISBN: 9780134739403
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Chapter 23, Problem 23.2.15PA

Subpart (a):

To determine

Conventional trade statistics.

Subpart (b):

To determine

Is the Conventional trade statistics is consistent or not.

Subpart (c):

To determine

Difficulties faced by the policy.

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Using data from 1988 for houses sold in Andover, Massachusetts, from Kiel and McClain (1995), the following equation relates housing price (price) to the distance from a recently built garbage incinerator (dist): = log(price) 9.40 + 0.312 log(dist) n = 135, R2 = 0.162. Interpretation of the slope coefficient? ► How would our interpretation of the slope coefficient change if distance were measured in metres instead of kilometres?
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Chapter 23 Solutions

MyLab Economics with Pearson eText -- Access Card -- for Economics

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