Union Density Trends in Canada - Chapter 3

Do you think union density in Canada will decline to the level experienced in the United States? Explain your answer.

Write an essay of 750-1,000 words in which you:

1. Describe the structure and function of the Electoral College. How and when was it created in the United States? Why was it created, and by whom?

2. Compare the Electoral College to a popular vote approach for elections. How does the Electoral College system operate/function? What are the consequences of using an Electoral College system versus a popular vote? Use the 2000 and 2016 presidential elections as examples.

3. Assess the value of an individual citizen’s vote under the Electoral College system. Why does the United States still use the Electoral College for presidential elections today?

According to the U.S. Census Bureau, 11% of children in the United States lived with at least one grandparent in 2009 (USA TODAY, June 30, 2011). Suppose that in a recent sample of 1570 children, 224 were found to be living with at least one grandparent. At a 5% significance level, can you conclude that the proportion of all children in the United States who currently live with at least one grandparent is higher than 11%? Use both the p-value and the critical-value approaches. Round your answers for the observed value of z and the critival value of z to two decimal places, and the p-value to four decimal places.

Either pension plan you choose is only beneficial for you if your employer is transparent. Contributions made by the employer need to be relayed to the employee. Ongoing revisions and projections are a necessity to ensure planning is adequate for future needs. European countries are constantly focusing on transparency to provide high quality financial information. Organizations like the World Bank and the International Federation of Accountants (IFAC) require reporting very similar to the United States to require organizational transparency. However, Arab countries appear to be behind the wave with transparency or does it only appear this way? Evaluate the transparency in Arab countries to see what the similarities and differences are with the United States.

Today, most Japanese automobile companies have manufacturing plants in the United States. Honda, for example, exports from Japan only 21 percent of the cars it sells in the United States. Fuji Heavy Industries whose main car brand is Suburu, is an exception in still producing most of its cars in Japan. An article in the Wall Street Journal observed that for Fuji Heavy Industries, “the plunging ye has turned a problem – a shortage of production in the US – into an unexpected boon.”

=> What does the article mean by a “plunging yen”?

=> Why would a plunging yen be a boon for Fuji Heavy Industries?

=> Briefly explain whether a plunging yen would

1. Suppose there are two countries: Japan and the United States, producing two goods, x- ray machines (x) and yucca plants (y). The following table shows the amount of labor inputs needed to make one unit of output of each of the two commodities in each of the two countries. Suppose Japan has 48 million workers and the United States has 24 million workers.

a.) (6 points) Graph the production possibility frontier (PPF) for each country. Which country has the comparative advantage in producing x-ray machines?

1. Assume we know that the population standard deviation of income in the United States (σ) is $12,000. A labor economist wishes to test the hypothesis that average income for the United States exceeds $64,000. A random sample of 900 individuals is taken and the sample mean is found to be $65,000. Test the hypothesis at the 0.05 level of significance. What is the p-value of the test statistic?

2. A bank executive believes that average bank balances for individuals equals $15,000. The executive takes a random sample of 25 individuals and finds a sample mean of $12,800 and a sample standard deviation (s) of $4,000. Test the hypothesis at the 0.05 and 0.01 levels.

Is the following a positive or normative statement? In nations with more generous economic welfare policies, unemployment rates are generally higher.

Question 7 options:

Is the following a positive or normative statement? The United States government should produce affordable housing units.

Question 8 options:

Is the following a positive or normative statement? Nations with high GDP per capita are generally wealthier, healthier, and happier.

Question 9 options:

Is the following a positive or normative statement? The United States government should adopt employ active fiscal policy during recessions.

Question 10 options:

Assume that the loanable funds market for the United States is currently in equilibrium.

a) Draw a correctly labeled graph of the loanable funds market for the United States, and label the equilibrium interest rate as r* and the quantity of funds as QF*.

b) Congress has decided to dramatically cut government spending over the next two years.

i) What will be the impact of the policy action on the government's budget?

ii) On your graph in part (a), show the impact of this policy action on the interest rate and quantity of funds.

c) As a result of the government spending cuts enacted by congress, show the effects of this policy action on a correctly labeled aggregate demand and aggregate supply graph.

Assume that at maximum hourly productions levels, the United States can produce either 8 yards of fabric or 4 bushels of wheat, whereas Japan can produce either 5 yards of fabric or 6 bushels of wheat. Based on this information,