Suppose you are a regular listener of a public radio station, but you never donate any time or money to support the station's operation. This is an example of __________
a. apathy
b. Downs' paradox
c. individual expression
d. a collective action problem
Correct Answer: d
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The British government provided charters to various companies that gave them monopolies on trade in certain parts of the world. The government would also give these companies exclusive access to sell to their colonies. These companies would then share part of their revenue with the British government. This is an example of what economic theory?
A) Capitalism B) Fascism C) Marxism D) Mercantilism E) Protectionism
Using the data in Question 1 (but omitting the proposed distance variable), choose a value of p to minimise the standard error of the estimate associated with the following quantities, specifically comparing y referring to honey and x the number of bees:
y* = y - p sigma{j=1 to n} wij yj x* = x - p sigma{j=1 to n} wij xj Define the weight wij = 1 for all neighbors within 2 units of the hive and 0 otherwise.