Questions
During the 1820s-30s the United States was evolving into an increasingly democratic society. Evaluate how this...

During the 1820s-30s the United States was evolving into an increasingly democratic society. Evaluate how this happened. What role did the public perception of Andrew Jackson and his subsequent presidency play in this process?

In: Psychology

Assume the country of Sluban ties its currency (the slu) to the dollar and the exchange...

Assume the country of Sluban ties its currency (the slu) to the dollar and the exchange rate will remain fixed. Sluban has frequent trade with countries in the eurozone and the United States. All traded products can easily be produced by all the countries, and the demand for these products in any country is very sen- sitive to the price because consumers can shift to wherever the products are relatively cheap. Assume that the euro depreciates substantially against the dollar during the next year.

a. What is the likely effect (if any) of the euro’s exchange rate movement on the volume of Sluban’s exports to the eurozone? Explain.

b. What is the likely effect (if any) of the euro’s exchange rate movement on the volume of Sluban’s exports to the United States? Explain.

In: Finance

1. The largest component of personal healthcare expenditures in the United States is a. nursing home...

1. The largest component of personal healthcare expenditures in the United States is

a.

nursing home care.

d.

home health care.

b.

hospital care.

e.

physician and clinical services.

c.

prescription drugs.

2. What is one cited reason why healthcare expenditures are so high in the United States?

a.

Medicare and Medicaid reduce the supply of medical care.

b.

Patients covered by insurance consume too much medical care.

c.

Doctors know patients are likely covered by insurance, which reduces the demand for medical care.

d.

Insurance companies attempt to control medical care costs by capping expenditures.

e.

Patients covered by insurance consume too little health care.

In: Economics

The following table shows the approximate number of males of Hispanic origin employed in the United...

The following table shows the approximate number of males of Hispanic origin employed in the United States in a certain year, broken down by age group. Age 15-24.9 25-54.9 55-64.9 Employment (thousands) 29,000 17,000 3,700 (a) Use the rounded midpoints of the given measurement classes to compute the expected value and the standard deviation of the age X of a male Hispanic worker in the United States. (Round all probabilities and intermediate calculations to two decimal places.) expected value yrs old standard deviation yr (b) In what age interval does the empirical rule predict that 68 percent of all male Hispanic workers will fall? (Round answers to the nearest year.) ,

In: Statistics and Probability

Through March 16th of this year, 12% of patients in the United States who had contracted...

Through March 16th of this year, 12% of patients in the United States who had contracted COVID-19 were hospitalized (Centers for Disease Control). In Orange County, Florida, as of April 8, 2020, out of 931 confirmed COVID-19 cases, there were 129 hospitalizations (The Orange County Register). Use this sample information to conduct a test of significance to determine whether the rate of hospitalization due to COVID-19 in Orange County is greater than the rate of hospitalization in the United States population.

  1. State the null and alternative hypotheses.
  2. What test will you use? ____________________________Check the assumptions and conditions. Note any concerns you might have that would call the conclusion of the test into question.

In: Statistics and Probability

In the preface, the author sets the stage for a story about a collision of cultures....

In the preface, the author sets the stage for a story about a collision of cultures. Have you ever had an experience with a healthcare provider in which you felt that your different backgrounds were a barrier to your care? If so, would you be willing to share that story? What brought the Lee family to the United States in the first place. Describe how you imagine that journey to be. Try to put yourself in their shoes, if you can. Describe the differences between the experience of labor and delivery in Laos compared to the United States in the 1970s/1980s (as the book describes it). What stands out as the major differences to you? What do you think it must be like to give birth under unfamiliar conditions?

In: Economics

USA Today reported that about 47% of the general consumer population in the United States is...

  1. USA Today reported that about 47% of the general consumer population in the United States is loyal to the automobile manufacturer of their choice. Suppose that Chevrolet did a study of a random sample of 1006 Chevrolet owners and found that 503 said that they would buy another Chevrolet.

  1. Check the assumptions for constructing a confidence interval
  1. Construct a 90% confidence interval
  1. Construct a 95% confidence interval

  1. Construct a 99% confidence interval

  1. What happened to the margin of error as the confidence increased?

  1. How else can we change the margin of error without changing or the confidence?

  1. Which confidence intervals above agree with the claim that about 47% of the general consumer population in the United States is loyal to the automobile manufacturer of their choice? Explain why?

In: Statistics and Probability

The Monetary Approach to Exchange Rates In this question, assume the more general model where L...

The Monetary Approach to Exchange Rates In this question, assume the more general model where L depends on the interest rate. Consider a world in which the prices of goods are perfectly flexible and absolute PPP holds. This world has two countries, the U.S. and Mexico. The real interest rate is equal to 1% and it is fixed on world markets. Suppose the money growth rate is 3% in the United States and 4% in Mexico. Real GDP is growing at a 1% rate in Mexico and in the United States.

a. Now suppose that at time T, Mexico’s expected GDP growth rates falls to 0. What is the effect of the shock on the Mexican nominal interest rate, price level, and Mexican peso exchange rate at time T?

In: Economics

Consider the Canadian economy that is in long run equilibrium with output equal to Y*. Canada...

Consider the Canadian economy that is in long run equilibrium with output equal to Y*. Canada and the United States have established a new free trade agreement that results in a significant increase in goods and services imported into the United States from Canada. For the Canadian economy, answer the following questions. use separate diagrams for each question.

1 illustrates the initial equilibrium in a diagram using AD and AS model. explain the diagram

2. what kind of shock occurred aggregate demand or supply? show this in your diagram

3. Explain the process (self-adjusting process AD & AS without monetary policy) by which the economy will adjust back toward Y* in the long run. show in your diagram

In: Economics

1.The Federal Reserve is the central bank of the United States and is tasked with conducting...

1.The Federal Reserve is the central bank of the United States and is tasked with conducting monetary policy.

a.What is the “dual mandate” of the Federal Reserve?

b.Suppose the United States is currently experiencing high inflation and negative cyclical unemployment. Draw a graph of the AD‐AS model depicting current economic conditions. Then name three appropriate monetary policy actions

c.Graph the effect of the policy actions in part b in the money market. What happens to the short‐term nominal interest rate?

d.Graph the effect of the result from part c in your AD‐AS model from part b. If any curves shift, briefly explain why. What happens to real GDP, prices, and unemployment as a result of the policy action?

In: Economics