Question
In: Economics
Question 1 (20 Marks) 1. One of the purposes of this class is to investigate policies...
Question 1
1. One of the purposes of this class is to investigate policies that lead to a better outcomes for society as a whole. No more is the need more pressing than the area of poverty.
A) In order to measure income inequality in Canada, we need to often look at statistical methods. What are some statistical numbers/tools used to measure income inequality in Canada? Using such methods, depict (using a diagram) the case where we have perfect equality versus the case where vast disparities in income exist.
B) What are some reasons for income inequality? What can governments do to erode the degree of income inequality in Canada? What options can governments choice from related to taxation? What type of tax is likely to help those at the bottom end of the income scale most? Which one is least likely to assist the poorest members of society? Explain fully.
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
QUESTION 1 20 Marks City Box sole trader manufactures one product that it sells to the...
QUESTION 1 20 Marks
City Box sole trader manufactures one product that it sells to
the local market. The following information is in respect of the
year ended November 2017: Manufacturing: At the beginning of the
financial year, inventories were as follows: Direct material – 50
000 kg with a value of N$ 200 000 Work-in-progress – value N$ 200
000 Finished goods – 5 000 units During the course of the year, the
transactions included the following: ? Purchases...
QUESTION 1 20 Marks City Box sole trader manufactures one product that it sells to the...
QUESTION 1 20 Marks City Box sole trader manufactures one
product that it sells to the local market. The following
information is in respect of the year ended November 2017:
Manufacturing: At the beginning of the financial year, inventories
were as follows: Direct material – 50 000 kg with a value of N$ 200
000 Work-in-progress – value N$ 200 000 Finished goods – 5 000
units During the course of the year, the transactions included the
following: ? Purchases...
Question 1 (18 marks) A pharmaceutical company carried out a study to investigate if men and...
Question 1
A pharmaceutical company carried out a study to investigate if
men and women, of the same age, have different levels of the high
density lipoprotein (HDL) type of cholesterol. This is the type of
cholesterol that is labelled “good” as it helps prevent coronary
disease. A small volunteer sample of men and women aged 40-45 of
general good health was taken as a preliminary trial. Their blood
HDL cholesterol levels (mg/dL) were measured with the following
results:
MALE:...
QUESTION 3 (20 MARKS) QUESTION 3 (20 MARKS) An analysis of the Business School graduates found...
QUESTION 3 QUESTION 3
An analysis of the Business School graduates found that 210 out
of 318 randomly selected graduates used An analysis of the Business
School graduates found that 210 out of 318 randomly selected
graduates used a statistical inference technique during
their first year of employment.a statistical inference technique
during their first year of employment.
(a) Calculate a 90% confidence interval for the proportion of
graduates who used a statistical inference (a) Calculate a 90%
confidence interval for the...
SECTION A (30 marks) This section consists of ONE (1) compulsory question QUESTION 1 (30 marks)...
SECTION A
This section consists of ONE (1) compulsory question
QUESTION 1
ABC Ltd is a wholesaler of furniture which has been in operation
for ten years. It buys furniture from five major manufacturers and
sells them to a range of customers. The company currently has a
customer base of over 500 customers most of which are credit
customers. The receivables balance comprises customers owing up to
$2,000,000 to smaller balances of about $10,000, all with many
different due dates...
Question 1 (20 marks) The statements that follow are with regard to evidence that is sufficient...
Question 1
The statements that follow are with regard to evidence that is
sufficient and appropriate. As a future auditor, you are required
to indicate if you agree with each statement and provide reasons
for your decisions:
a) An auditor can only properly measure the appropriateness and
sufficiency of audit evidence that will be used when expressing
opinions are by utilizing the statistical sampling method only when
they are gathering evidence.
b) The conduction of an audit in prior years...
Question 1 (20 marks) As companies grow in size, it is inevitable for the shareholders to...
Question 1
As companies grow in size, it is inevitable for the shareholders
to hire management to run the operations of the business. The
entire team of management, starting from the CEO and other
top-level management, all the way to the middle and bottom level
management are expected to perform towards the growth of the
business. Since the shareholders of large companies are scattered
across geographies, they appoint certain members as representatives
who are elected to represent them on the...
Question 2 [1 marks each/20 marks] True or false 5) In an unregulated competitive market, the...
Question 2 [1 marks each/20 marks] True or false 5) In an
unregulated competitive market, the presence of marginal external
cost of a good or service results in overproduction. 6) A marginal
external cost is the cost of producing an additional unit of a good
that falls on the producer. 7) Young drivers often buy used cars.
An increase in the legal driving age to twenty-one shifts the
demand curve for used cars leftward, whereas lowering the age to
fifteen...
Question 2 [1 marks each/20 marks] True or false 5) In an unregulated competitive market, the...
Question 2 [1 marks each/20 marks]
True or false
5) In an unregulated competitive market, the presence of marginal
external cost of a good or
service results in overproduction.
6) A marginal external cost is the cost of producing an additional
unit of a good that falls on the
producer.
7) Young drivers often buy used cars. An increase in the legal
driving age to twenty-one shifts
the demand curve for used cars leftward, whereas lowering the age
to fifteen...
QUESTION 1 (20 Marks) Part A (10 Marks) Suman gained a Degree in Business when he...
QUESTION 1 Part A Suman gained a Degree in
Business when he was a young lad and with skill and hard work, he
has used that knowledge to start his own business He operates his
own business selling computers and related equipment. Over the last
financial year, sales of computers and equipment were paid for at
the time of sale. During the year ended 30 June 2019, Suman
received $3,000,000 in cash for sales of computers. Purchases
during the year...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- For Questions 1-3: consider the following code: public class A { private int number; protected String...
- You are tasked with assessing the health department’s intervention program in preventing recurrence of acute alcohol...
- Compare the MOSFET, JFET , and BJT and identify the reasons these devices behave differently. What...
- How would you use SAS Enterprise Miner to create a neural network model of your example?
- Explain the use of neural networking modeling in predictive analytics.
- Current Market Mix of Netflix, as detail as possible, please.
- This is all one question, thank you so much in advance! You must evaluate a proposal...
ADVERTISEMENT