13. Economists who work for the government are often called on to make policy recommendations. Why...
Statistics is its own language. In fact, it is often called the language of science. Why do you think it is called the language of science? What does it mean to be statistically literate? Why is it important to be statistically literate?
Statistics is its own language. In fact, it is often called the language of science. Why do you think it is called the language of science? What does it mean to be statistically literate? Why is it important to be statistically literate?
We often hear the expression Life Work Balance. Why is it important particularly if you work in Health Care to have a good work/life balance? Note three reasons why this is important and what you do to make sure that you do not burn out?
2. What government policy would make the demand shift from D0 to D1? Clue: you should specify if it is a tax or a subsidy. If it is a tax, is it imposed on buyers or sellers? 3. According to the graphic, who pays P1 , who pays P2 and who bears most the tax burden (buyers or sellers) in this case? Explain your answer. Do Figure 3- Government policy in the market of jewelry 1. According to the graphic,...
Qn. For each of these statements identify if they are true or false and explain why. a.The increase in revenue taxation received by the government during an economic boom is due to discretionary fiscal policy. b.The legislative process which is required to implement fiscal policy often make it easier to use than monetary policy. c.A law requiring the government to balance its budget in each year would work against‘automatic stabilisers’. d.The government ‘purchases multiplier’ always has a positive sign and...
1. Why do economists oppose attempts to control prices? Why does the government attempt to control prices anyway in a number of markets? 2. Does a binding pricing ceiling cause a shortage or a surplus? Does a non-binding price floor cause a shortage or surplus? Provide an example to support your example for each of the problems above. 3. Does cost-benefit analysis apply to public goods only? If yes, why? If not, name situations in which economists would use cost-benefit...
1. Why should monetary policy be made by rule rather than discretion? a. because there is a clear consensus among economists about what a good monetary policy rule would be b. because rules would eliminate the political business cycle c. because rules respond to any random shocks in the economy d. because rules create time inconsistency 2. Why does Canadian public policy discourage saving? a. because, other things the same, taxes increase the return from savings b. because means-tested programs...
According the US Department of Labor, in 2014, women made 79% of what men made who work in the same positions. Several variables account for this wage gap. Based upon what you learned about wage gaps this week, what impact do you think outlawing pay secrecy would have on the gender wage gap in the United States? Do you think the private sector should make salaries public records like government employee salaries? Why or why not?
The Impact of Globalization: Healthcare Workers Influencing Global Health Policy Imagine you work in a rural clinic in Somalia. You have completed an examination of a 10-year-old child who presented with a high fever (104°F) that has lasted for 2 days, pain and stiffness in all joints, and an inability to stand or walk. You suspect polio and recognize that the disease has had a resurgence in incidence in this country. Ask yourself the following questions and provide a paper...
You will be evaluating each of the questions as you will need to make sure to use relevant economic terms and content development in your work. REMEMBER TO WRITE THE QUESTION FIRST AND THEN PROVIDE YOUR RESPONSE. Questions: 1. Why does comparative advantage matter more than absolute advantage for trade? 2. Draw a production possibilities frontier curve. Illustrate the set of points that is feasible, the set of points that is efficient, the set of points that is inefficient, and...