Examine if the following statement is true or false and briefly explain your answer. “All ordinary...
Examine if the following statement is true or false and briefly explain your answer.
“All ordinary goods are normal.”
Homework Answers
This statement is false.
This is because a normal good is always ordinary but an ordinary good can be normal, inferior or sticky. So all ordinary goods are not normal.
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Examine if the following statement is true or false and briefly
explain your answer.
“All ordinary...
Mark the following statement True or False. If you believe that the statement is false, briefly...
Mark the following statement True or False. If you believe that the statement is false, briefly explain why you think it is false. To guarantee a margin of error of 0.034 for the population proportion p, a survey needs to have at least 1,050 respondents (assuming that the results are presented with 95% confidence). Select the correct choice below and, if necessary, fill in the answer box to complete your choice. O A. The statement is false. Without more information,...
Briefly explain and illustrate whether the following statement is true or false: ‘When there is a...
Briefly explain and illustrate whether the following statement is true or false: ‘When there is a shortage of a good, consumers eventually give up trying to buy it, so the demand for the good declines, and the price falls until the market is finally in equilibrium’.
Answer true of false to each of the following. briefly explain your reasoning for each answer...
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For the following statement, identify whether it is True or False and briefly explain your reasoning....
For the following statement, identify whether it is True or False and briefly explain your reasoning. You have recently graduated from college and decide to open your own business. You conduct some market research and determine that the demand curve for your firm is as illustrated by the graph below. Based on your market research, your individual firm would be considered a price taker in this market. (2 points) Price (5 per unit) 110 -- -- eman 1 2 3...
Briefly explain and illustrate whether the following statement is true or false: If, over time, the...
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Problem 4 Please determine whether the following statement is true or false and explain your answer...
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Mark the statement true or false. If you believe that the statement is false, briefly explain...
Mark the statement true or false. If you believe that the statement is false, briefly explain why you think it is false If VIF(X2) = 1, then we can be sure that collinearity has not inflated the standard error of the estimated partial slope for X, Choose the correct answer below. O A. False. Only NIF(X) = 0 can we be sure that collinearity has not inflated the standard error of the estimated partial slope for X, OB. False. Only...
Is the following statement true or false? Briefly explain. Note: No explanation, no credits. "Over the...
Is the following statement true or false? Briefly explain. Note: No explanation, no credits. "Over the past decade, both price and quantity have increased in the market for organic food. This observation is a violation of the Law of Demand." HTML Editor 1-
Briefly explain and draw a graph whether the following statement is true or false: ‘When there...
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Part I: True or False. If false, briefly explain your answer (2 points each). Answer all...
Part I: True or False. If false, briefly explain your answer (2 points each). Answer all five. 1. An intra industry trade index of 1 indicates that very little intra industry trade is taking place. 2. External economies of scale occurs when a firm's average costs fall as the total industry output rises Foreign Direct Investment includes the hiring of workers in foreign countries as well as purchase of equipment and software. Quotas are generally preferred to tariffs because they...
Mark the following statement True or False. If you believe that the statement is false, briefly explain why you think it is false. To guarantee a margin of error of 0.034 for the population proportion p, a survey needs to have at least 1,050 respondents (assuming that the results are presented with 95% confidence). Select the correct choice below and, if necessary, fill in the answer box to complete your choice. O A. The statement is false. Without more information,...
For the following statement, identify whether it is True or False and briefly explain your reasoning. You have recently graduated from college and decide to open your own business. You conduct some market research and determine that the demand curve for your firm is as illustrated by the graph below. Based on your market research, your individual firm would be considered a price taker in this market. (2 points) Price (5 per unit) 110 -- -- eman 1 2 3...
Problem 4 Please determine whether the following statement is true or false and explain your answer using both intuition and graph (if the statement is false, you have to provide the counterexample, if true - all possible cases) Substitution effect is always higher than income effect for the inferior good (consider only monetary income) DE
Mark the statement true or false. If you believe that the statement is false, briefly explain why you think it is false If VIF(X2) = 1, then we can be sure that collinearity has not inflated the standard error of the estimated partial slope for X, Choose the correct answer below. O A. False. Only NIF(X) = 0 can we be sure that collinearity has not inflated the standard error of the estimated partial slope for X, OB. False. Only...
Is the following statement true or false? Briefly explain. Note: No explanation, no credits. "Over the past decade, both price and quantity have increased in the market for organic food. This observation is a violation of the Law of Demand." HTML Editor 1-
Part I: True or False. If false, briefly explain your answer (2 points each). Answer all five. 1. An intra industry trade index of 1 indicates that very little intra industry trade is taking place. 2. External economies of scale occurs when a firm's average costs fall as the total industry output rises Foreign Direct Investment includes the hiring of workers in foreign countries as well as purchase of equipment and software. Quotas are generally preferred to tariffs because they...
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