The point estimate or p hat is a single value that shows the best estimation of a certain parameter among a population.
To calculate point estimate, we divide the parameter by the whole population.
In case of this problem:
p hat = 51/84 = 0.607
To get the percent, we multiply the output by 100:
% of point estimate = 0.607 x 100 = 60.7%
<span>Its part of a Keynesian economics. . It might also be called the pump-priming theory. It is correct by the way especially if you use a strict definition of the word "can." Tax cuts will only raise demand if they went to people who will spend most of what is cut from their taxes.
hope that helps !!!!</span>
Answer:
Cedrick's potential maximum liability = $50
Explanation:
Given:
$250 = a Blueminusray player
$600 = new set of tires
$200 = Cash withdrawal
$40 = interest charges
Find:
Cedrick's potential maximum liability
Computation:
Cedrick's potential maximum liability = Blueminusray player - Cash withdrawal
Cedrick's potential maximum liability = $250 - $200
Cedrick's potential maximum liability = $50
Answer:
The options are missing:
- 1. If Xenon imports Good X, the WORLD PRICE of X must be lower than Xenon's pre-trade price of Good X.
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2. If Xenon has a comparative advantage in Good X, it will import more of Good X after trade.
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3. If Xenon has a comparative advantage in Good X, Xenon will produce less of Good X after trade.
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4. If Xenon imports Good X, the WORLD PRICE of Good X must fall.
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5. If Xenon exports Good X, the WORLD PRICE of X must be lower than Xenon's pre-trade price of Good X.
1. If Xenon imports Good X, the WORLD PRICE of X must be lower than Xenon's pre-trade price of Good X.
In order for a country to import any good, the world price of that good must be lower than its domestic price. If the world price is higher, then there is no reason why anyone would import a good just to pay a higher price. E.g. the world price of corn is $10 per bushel, and the domestic price of corn is $12 per bushel. At these price levels, the country will import corn until the domestic and world price are equal. But if the domestic price is $10 and the world price is $12, then the country will export corn until both prices are equal.