An increase in the income of bus riders, accompanied by a simultaneous increase in the wages of the bus drivers causes, the price for bus rides(an inferior good) _____________ and the quantity demanded for bus rides ____________.
a. Decreases; decreases
b. Increase; increases
c. Uncertain, Decreases
d. Uncertain, Increases
Question 2
You increase the advertising intensity for your product in market A but not in market B. Sales in A rise from 1140 to 1180 units per week while sales in B fall from 1270 to 1230 . The Difference-in-difference estimate of the effect of the increased advertising is:
a. 0 units
b. 80 units
c. 100 units
d. 120 units
The risk of dying before the age of 65 gets lower as family income gets higher.
Mean scores for Erikson’s stage V (Identity) for two cohorts. Scores for both cohorts increase ...
The age-related increase in spirituality is different for two cohorts born seven years apart. The ...
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Effect of an Increase in R&D in the Follower Country on the Steady State
Construct a Lorenz curve that shows income distribution in this society.