(12) With respect to the macro-economic production function, what is the difference between the overall level of technology (A), and the type of technology known as worker Efficiency, or worker effectiveness? (Worker efficiency is called the “g” in the Solow Model.) That is, how would you distinguish overall change in technology in the macro-economy from the technical change embodied in a rise in worker effectiveness? If worker effectiveness gives rise to sustained increases in the economy’s standard of living, even in the Steady State, can the overall level of technology impact the result as well?
(13) Given your answer to (12) above, how would you describe your own increase in worker effectiveness with respect to any endeavor you are working on today in Davis? (LIKE DOING THIS HOMEWORK, FOR EXAMPLE?) What about after you graduate? How does the overall level of Technology (The Big “A”) link to the increase in your own worker effectiveness?
(14) Using the Solow Growth Model, assume that the depreciation of the capital stock (gamma), and “n” (growth of the labor force) are all greater than zero. The growth rate of worker efficiency, “g”, is zero. What are the alternatives to changing the rate of saving in order to reach a “higher” K/L ratio and a higher Y/L ratio at the STEADY STATE equilibrium (k* and y*)? How would you go about promoting these changes?
(15) What is “The Golden Rule”? Why is the term “Golden Rule” applied to the Golden Rule Steady State of y* and k*? (Note: the answer is not “that level of Y/L and K/L that maximizes consumption per worker, C/L!)
(16) You are the boss of an economy that has worker efficiency rising at a 1 percent annual rate. The labor force is growing by 4 percent annually. The depreciation rate of your capital stock per worker is 10 percent. Also your economy is operating at a savings rate whose associated capital/labor ratio steady state is ABOVE the GOLDEN RULE steady state. Your challenge is to get to the golden rule steady state. What do you propose to do and how might you go about it? What happens to consumption per worker as you go from where you begin to the Golden Rule steady state? What happens to the MPK as you approach the Golden Rule Steady State? What value of MPK are you aiming for? Hint: think of MPK as the "return on capital" in this instance.
In: Economics
sickle cell anemia is a hereditary medical condition affecting red blood cells that are thought to protect against malaria, a debilitating parasitic infection of the liver and blood. that would explain why the sickle cell traits found in people who originally came from Africa, where malaria is widespread, a study in Africa tested 543 children for the sickle cell also for malaria infection in all 25% of the children had sickle cell and 6.6% of the children had both sickle cell and malaria. overall 34.6% of the children had malaria
Make a Venn diagram with the information provided. use it to answer the following questions
a) what is the probability that a child has either malaria or sickle cell?
b) what is the probability that a child has neither malaria or sickle cell, round to 3 decimal places
c) what is the probability that a child has malaria given that the child has the sickle cell trait
d) what is the probability that a child has malaria given that child does not have the sickle cell trait
e) Are the events sickle cell trait and malaria independent? what might that tell you about the relationship between sickle cell and malaria
In: Statistics and Probability
B: According US News, about 28% of Americans claim that they do not get enough sleep. Gallup feels that 28% is a low value so they conducted a poll that found that 30% of a random sample of 801 Americans responded that they do not get enough sleep. Perform an appropriate hypothesis test using α=0.05. Be sure to include the following:
In: Statistics and Probability
Ban the Box’ (BTB) is the policy that is intended to encourage ex-inmates to participate in the labor force. The policy got its name through banning the question on whether a job applicant has criminal histories from the job application form. Under the BTB policy, employers would be no longer able to weed out applicants who have criminal histories in early stage of hiring process. When the state government of NJ announced that it will implement the BTB policy for both public and private firms, many economists in NJ were worried about if the policy hurts unintended group of people rather than improving employment opportunity of ex-criminals.
Which group do you think might be negatively affected by the BTB policy? And why are economists worried about the adverse effect of BTB policies? Explain your answer carefully and in your answer, be sure to talk about what type of discrimination plays a role in generating such negative effect.
In: Economics
The Environmental Protection Department (EDP) of Hong Kong Government would like to promote consumer conservation behaviors in the local catering industry. You are asked to conduct a marketing research to inform the EDP on the possible strategies it can adopt to reduce the use of plastic straws among consumers.
a) Suggest TWO appropriate types of research design that the EDP may employ. Justify your answers.
b) You are asked to design a questionnaire for assessing consumers’ willingness to reduce the use of plastic straws. Please propose THREE possible independent variables that may predict the dependent variable (i.e., willingness to reduce the use of plastic straws). For EACH independent variable, explain why you think it can influence the dependent variable, and write a measurement scale to measure it.
c) Propose THREE solutions to increase the generalizability of the findings of your proposed research. Explain each solution in detail.
d) Illustrate with THREE examples how an ethical researcher could exercise good practices in collecting data from respondents.
In: Operations Management
Do attractive nuisance cover any contractor under any type of insurance,. If so, what is and why is it // Please explain in detail
In: Finance
What are the determinants of consumption according the Keynesian view? Write the Keynesian consumption function and explain its meaning in detail (15 points).
In: Economics
How does Jackson's handling of the Native Americans fit into his own perception of what it means to be the President?
Explain in Detail and with Evidence
In: Economics
What is the International Situational Audit (Human Resource) facing by Air Asia? Please explain in more detail in at least 3 areas
In: Economics
Why the threat of new entrants on Air Asia is low? What are the factors? Please provide 3 factors and explain in more detail.
In: Economics