Multiple Testing / ANOVA / Chi Square   Read Lecture 1. React to the material in the lecture. What is new? Is there anything you found to be unclear? How could you relate these ideas to issues and problems within your degree area?   DQ2 Week 3 Example of Statistical Outcomes   Read Lecture 2. […]

Hypothesis Testing / T-tests / F-test   Read Lecture 1. React to the material in the lecture. What is new? Is there anything you found to be unclear? How could you relate these ideas to issues and problems within your degree area?   DQ2 Week 2 Example of Statistical Outcomes   Read Lecture 2. React […]

Data Characteristics/Descriptive Statistics/Probability   Read Lecture 1 and view The Role of Data & Analytics Today (Links to an external site.) video. React to the material in the lecture and video. What is new? Is there anything you found to be unclear? How could you relate these ideas to issues and problems within your degree […]

Scarcity is the starting point for studying economics. Resources are limited while human wants are unlimited. Prior to beginning work on this discussion, read Chelsea Follett’s article, Are Humans Prepared to Overcome Resource Scarcity in the Future? (Links to an external site.), as well as Chapter 1 Section 1.2 in your textbook, and respond to […]

Question 1The profit-maximizing firm equates the marginal benefit of labor to the marginal __________.     cost of labor     profit     units of labor     production    Question 2Salaries for professions (such as architect or medical doctor) that require a long period of study are typically higher than those for other […]

Question 1Which of the following is the study of “what is” rather than “what ought to be”?     normative theory     institutionalism     subjectivism     positive theory   Question 2Along with the other social sciences, economics is specifically and primarily concerned with __________.     the behavior of human beings both […]

Question 1All of the following are among the six basic assumptions about perfect competition EXCEPT __________.     many buyers     many sellers     mobile resources     differentiated products    Question 2If a firm is making an economic profit, then productive resources are earning __________.     their opportunity costs in the […]

Question 1The addition to total product resulting from employing one more unit of a productive resource is the __________.     marginal input     marginal product     average product     total product    Question 2An example of a horizontally integrated firm is one that __________.     owns several plants, each manufacturing […]

Question 1A tax on the purchase of a particular good, such as liquor, cigarettes, or electricity, or a broad class of goods, such as food, is called __________.     an excise tax     a luxury tax     a property tax     an income tax   Question 2Using Table 4.1, the demand […]

Question 1A Pearson correlation of +1.00 is considered a “perfect positive correlation.” This means….     the variable values would graph as a perfect vertical line     the variable values would graph as a perfect horizontal line     has the line with a positive slope and runs from the lower left to the […]