Question

In: Economics

Applying concept: Consider the following hypothetical scenario... Suppose faith-based institutions had been offering small group discussions...

Applying concept: Consider the following hypothetical scenario...

Suppose faith-based institutions had been offering small group discussions about HIV to attempt to prevent HIV transmission in inner city areas for some time, but no one had ever performed an economic evaluation. Individuals do not have to pay money to attend these sessions. You are part of a team that is preparing to conduct an economic evaluation.

Question:

Suppose you had resources to follow individuals who had participated or not participated for 2 years. Please list five types of resources with monetary value that you could measure in the two years?

Solutions

Expert Solution

The prevention of HIV has been a major drive throughout the world in the last few decades. If we have the resources to follow up the individuals who had participated or not participated for the last couple of years, we can measure the below five resources (with monetary value) in order to derive at a conclusion of the effectiveness of the faith-based institutions.

                                (a): First, we will measure the percentage of men and women falling under the age group of 15-45, who have done their HIV tests and are aware about the tests being done and know the results of the tests. This is a very important financial measure, as a small test would tell the individuals about their HIV status.

                                (b): Secondly, we will measure, the programs that are currently being carried out for the already affected HIV patients and how they are being motivated to keep their sexual life under restraint and further follow certain other medical instructions.

                              (c): Thirdly, we will measure the number of schools that actually provide the sexual education and more so pertaining to the do’s and don’ts which could result in to HIV affection. This education is of prime importance and must be ensured at a very less expense in every school.

                                (d): Then, we will also measure the percentage of men and women between the age group of 15 to 45 who are aware of the preventive measures that they should employ in order to keep themselves safe from HIV. A small investment in this regard can be useful and life saving for many young people.

                               (e ): We will also measure the percentage of young boys and girls who have already had their sexual intercourse before the age of 15 and have they been made aware about the restrictions that they should follow. Moreover, we should also ensure that these young boys and girls get medical checkups done at frequent intervals.


Related Solutions

Applying concept: Consider the following hypothetical scenario... Suppose faith-based institutions had been offering small group discussions...
Applying concept: Consider the following hypothetical scenario... Suppose faith-based institutions had been offering small group discussions about HIV to attempt to prevent HIV transmission in inner city areas for some time, but no one had ever performed an economic evaluation. Individuals do not have to pay money to attend these sessions. You are part of a team that is preparing to conduct an economic evaluation. Question: Suppose all epidemiological data you could possibly need were available to develop a model,...
Applying concept: Consider the following hypothetical scenario... Suppose faith-based institutions had been offering small group discussions...
Applying concept: Consider the following hypothetical scenario... Suppose faith-based institutions had been offering small group discussions about HIV to attempt to prevent HIV transmission in inner city areas for some time, but no one had ever performed an economic evaluation. Individuals do not have to pay money to attend these sessions. You are part of a team that is preparing to conduct an economic evaluation. Question: What type of economic evaluation (cost-consequence, cost-effectiveness, cost-utility or cost-benefit) do you think would...
What does it mean to lead a meaningful life? Consider the following hypothetical scenario: suppose someone...
What does it mean to lead a meaningful life? Consider the following hypothetical scenario: suppose someone (a genie, or whatever) had the power to transform you into a person who would spend the rest of your life perfectly happy, but the catch is that you would also have to spend the rest of your life doing something completely pointless, like counting blades of grass, or something grotesque (like in Wielenberg's example). You will be transformed into a person who really...
Consider the following hypothetical scenario: Mary has been using the bark from the weeping willow tree...
Consider the following hypothetical scenario: Mary has been using the bark from the weeping willow tree in her garden for many years to treat aches and pains. When she was very young, she had heard from someone that willow bark could be a useful anti-inflammatory and decided to experiment with the bark herself. Over many years, she came up with a method of steeping the bark to produce a tea that tastes good, and in her view, is very effective....
Consider the following hypothetical scenario: The city council has just approved the construction of an amusement...
Consider the following hypothetical scenario: The city council has just approved the construction of an amusement park in your town. You are responsible for studying the impact of the new amusement park on the local economy and the surrounding community. Write a paper of approximately 500 words that addresses all of the questions below. Include the graphs, where indicated: o Question 1: You know that the amusement park will increase the traffic flow in the streets around the amusement park....
Consider the following hypothetical market for CDs. Suppose that the demand curve for CDs is given...
Consider the following hypothetical market for CDs. Suppose that the demand curve for CDs is given by QD=200-10P and suppose that the supply curve for CDs is give by QS=20P-100. a) Sketch the supply curve and the demand curve. b) What are the equilibrium price and quantity of CDs? c) Calculate the amount consumers paid (in total) for CDs
Consider the following hypothetical hourly wages for a group college students: 14.00 15.79 14.97 15.18 14.53...
Consider the following hypothetical hourly wages for a group college students: 14.00 15.79 14.97 15.18 14.53 16.28 15.31 13.04 15.63 14.37 14.75 15.58 15.25 16.81 13.86 15.93 16.87 14.91 14.20 13.53 15.40 15.45 15.87 16.22 a. Construct a histogram on a separate page for the above data. Make sure to label and scale x and y-axes. b. Describe the shape of the distribution c. Hypothesize how the mean and the median compare, considering the shape of the distribution. d. Compute...
Allen's hummingbird (Selasphorus sasin) has been studied by zoologist Bill Alther.† Suppose a small group of...
Allen's hummingbird (Selasphorus sasin) has been studied by zoologist Bill Alther.† Suppose a small group of 10 Allen's hummingbirds has been under study in Arizona. The average weight for these birds is x = 3.15 grams. Based on previous studies, we can assume that the weights of Allen's hummingbirds have a normal distribution, with σ = 0.20 gram. (a) Find an 80% confidence interval for the average weights of Allen's hummingbirds in the study region. What is the margin of...
Allen's hummingbird (Selasphorus sasin) has been studied by zoologist Bill Alther.† Suppose a small group of...
Allen's hummingbird (Selasphorus sasin) has been studied by zoologist Bill Alther.† Suppose a small group of 10 Allen's hummingbirds has been under study in Arizona. The average weight for these birds is x = 3.15 grams. Based on previous studies, we can assume that the weights of Allen's hummingbirds have a normal distribution, with σ = 0.32 gram. (a) Find an 80% confidence interval for the average weights of Allen's hummingbirds in the study region. What is the margin of...
Allen's hummingbird (Selasphorus sasin) has been studied by zoologist Bill Alther.† Suppose a small group of...
Allen's hummingbird (Selasphorus sasin) has been studied by zoologist Bill Alther.† Suppose a small group of 16 Allen's hummingbirds has been under study in Arizona. The average weight for these birds is x = 3.15 grams. Based on previous studies, we can assume that the weights of Allen's hummingbirds have a normal distribution, with σ = 0.24 gram. (a) Find an 80% confidence interval for the average weights of Allen's hummingbirds in the study region. What is the margin of...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT