1,Which of the following persons is NOT liable for Canadian income tax under Part I of the Income Tax Act?

2

Which of the following is an argument in favour of a regressive tax system over a progressive tax system?

3

Which of the following types of income earned by a non-resident individual is NOT subject to Canadian income tax under Part I of the Income Tax Act?

American Brain Cook meets with his Chinese change manager Chan Ling and his team at the Beijing office of a European corporation to discuss last month's delay in the change deadlines. He questions Chan Ling repeatedly about his team's underperformance. Brian openly states he believes the team is not pushing hard enough and that there is a lack of commitment. He stresses than Ling is accountable for the results of the team and that he should have informed him about the issues Ling nods silently and peers out the window. He picks up his papers, walks through the door without further discussion, and never returns.

Chan Ling has lost face. The directness of Brian's questioning was interpreted by Chan as a personal insult. He saw Brian as rude, and their working relationship ended abruptly based on this incident. Chan also terminated his employment with the company at a time when he was really needed. What happened?

In China, as in other cultures around the world, "face" is more important than anything else. Face is related to the Western concept of dignity, but it goes much deeper than that. There is a Chinese proverb that reads Ren yao lian, shu yao pi ("A person needs face, like a tree needs bark"). Losing face has serious consequences for people from such cultures since there is a profound emotion of shame associated with losing face, and this may reflect on the person, their families, or even their entire community. Chan felt a deep sense of embarrassment from Brian's assertive questioning style, which is commonly accepted in the United Stated and many other Western cultures. What Brian didn't realize is that his is not acceptable in all cultures; thus, his leadership effectiveness was compromised.

1. How could Brian have prepared more effectively for his international assignment (refer to the guidelines for culture shock and culture agility)?

2 What cultural values (Hofstede; GLOBE) help explain Chan's reaction? What are the differences between the United States and China?

3. What should Brian do now? Develop a plan for addressing the situation.

3. In a study of the long-run and short-run demands for money, Chow estimated the following demand equation (standard errors in parentheses) for the United States from 1947:1 through 1965:4:

Mt=0.14+1.05Yt*-0.01Yt-0.75Rt

(0.15)        (0.10)       (0.05)

R²= 0.996

DW = 0.88^**

Breusch-Godfrey LM Test= 8.38^**

N = 76 (quarterly)

where:

Mt = the log of the money stock in quarter t

Yt^* = the log of permanent income (a moving average of previous quarters’ current income) in quarter t

Yt = the log of current income in quarter t

Rt = the log of the rate of interest in quarter t

a. Test for the significance of the coefficients and for the overall significance of the model.

b. What econometric problems seem likely to be in this equation?

c. In particular, are there are any problems related to the coefficient of Y? If so, are these problems more likely to have been caused by multicollinearity, serial correlation, or heteroskedasticity?

d. What suggestions would you have for another estimation of this equation? Why?

3. In a study of the long-run and short-run demands for money, Chow estimated the following demand equation (standard errors in parentheses) for the United States from 1947:1 through 1965:4:

Mt=0.14+1.05Yt*-0.01Yt-0.75Rt

                                                                              (0.15)        (0.10)       (0.05)

R²= 0.996

DW = 0.88^**

Breusch-Godfrey LM Test= 8.38^**

N = 76 (quarterly)

where:

Mt = the log of the money stock in quarter t

Yt^* = the log of permanent income (a moving average of previous quarters’ current income) in quarter t

Yt = the log of current income in quarter t

Rt = the log of the rate of interest in quarter t

a. Test for the significance of the coefficients and for the overall significance of the model.

b. What econometric problems seem likely to be in this equation?

c. In particular, are there are any problems related to the coefficient of Y? If so, are these problems more likely to have been caused by multicollinearity, serial correlation, or heteroskedasticity?

d. What suggestions would you have for another estimation of this equation? Why?

8. During a natural disaster, it is safe to drink the water from ________.

a) car or truck radiators b) toilet bowls, if the bathrooms have not flooded c)

swimming pools d) melted ice cubes that are in the freezer

9. Which of the following statements is true?

a) Food-borne illnesses are usually characterized by the signs and symptoms of influenza. b)

In the United States, the Center for Food Preservation and Safety is the primary government agency that oversees the safety of most foods. c) Certain microbes produce poisonous chemicals that can cause food intoxication. d) Fungi are responsible for most cases of food-borne illness among Americans.

10. During pregnancy, an adult woman's need for vitamin D doubles. True or false?

11.. Infants ________ have a high risk of obesity.

a) with birth weights between 6.0 and 8.0 pounds b) who obtain regular physical activity c) that are given vitamin C supplements d) whose mothers are obese

12. In the United States, eclampsia is the second leading cause of death among pregnant women. True or false?

13. Obesity is a major contributor to type II diabetes, cancer and _____________________. Fill in the blank

14. Swelling due to excess extracellular fluids (usually in the hands and feet is referred to as ___________.Fill in the blank

15. _________ is the desire of some pregnant women to eat non-food items, such as dirt, in order to obtain trace minerals.Fill in the blank

16. Undercooked ground meats are a good source of ____________, a common pathogenic bacteria.​ Fill in the blank

17.Our muscles use glucose metabolism in aerobic conditions, and ______________ metabolism in anaerobic conditions.Fill in the blank

18. ______________ is a major mineral that is needed for normal physiological function. When our bodies are low on this mineral, we can remove it from bones and teeth. In elderly people, typically women, this can result in osteoporosis. Fill in the blank

19.The _________ is the primary organ where glycogen is broken down to create glucose.Fill in the blank

20. _________________ is the hormone that signals to the kidneys that there is not enough water in the bloodstream (alcohol blocks this hormone and causes excess urination). Fill in the blank

The Institute for Health Metrics and Evaluation reported that the topography of disease-related deaths has changed over many generations, and that different diseases, both communicable and noncommunicable, are starting to effect communities differently. Specifically, the researchers identify that the typical life expectancy has increased on a global scale, which means there are now different, previously unknown risks and causes of illness due to aging populations. Of specific interest the researchers mention that the “leading causes of death and disability have changed from communicable diseases in children to noncommunicable diseases in adults” (IME, 2013). The United States and other developed and industrialized nations have seen a stark reduction in maternal, nutritional, and premature child deaths. Third-world or underdeveloped nations, however, have seen a spike in communicable, maternal, nutritional and child related diseases. The Institute for Health Metrics and Evaluation implemented the Global Burden of Disease (GBD) study to systematically address health concerns related to a number of demographic characteristics. The GBD 2010 study found an increased life expectancy of 35 years since 1970 for many industrialized nations, but negligible improvement in life expectancy in developing nations such as sub-Saharan Africa.

As part of this exercise, check out the 2013 information at: http://www.healthdata.org/sites/default/files/files/policy_report/2013/ GBD_GeneratingEvidence/IHME_GBD_GeneratingEvidence_FullReport.pdf, then prepare answers to the questions that follow.

Question 1

Why is it important to research and understand the epidemiological transition of diseases across the world?

Question 2

What are some potential factors that may help explain the static nature of life expectancy in areas such as the sub-Saharan African communities?

Question 3

Identify and explain the factors related to the rise of noncommunicable diseases in industrialized nations, such as the United States.

Question 4

What could be a potentially helpful strategy for reducing deaths related to communicable diseases in poorer nations?

Retrieved from: http://www.healthdata.org/sites/default/files/files/policy_report/2013/ GBD_GeneratingEvidence/IHME_GBD_GeneratingEvidence_FullReport.pdf Institute for Health Metrics and Evaluation. The Global Burden of Disease: Generating Evidence, Guiding Policy. Seattle, WA: IHME.

Do you agree or disagree with this text?

Why?

According to the Fed Chairwoman Janet Yellen said at a press conference after the central bank’s two-day policy meeting, “at the moment the U.S. economy is performing well, the growth that we are seeing, it’s not based on, for example, an unsustainable buildup of debt, and the global economy is doing well. We’re in a synchronized expansion. This is the first time in many years we’ve seen this.[1]” It is obvious that the United States has a good economy foundation to support the increase of fed rates. Therefore, I recommend that the Federal Reserve should continue to raise the target on the federal funds rate.

As expected, the Federal Reserve raised its bench market interest rate a range between 1.5 percent and 1.75 percent on last Wednesday. Although the Fed began rising rates, the economy still has continually improved. In addition, the economy has added 197,000 jobs a month on average since the Fed began raising rates at the end of 2015. The unemployment rate has held at 4.1 percent for five months, and it is the lowest level since 2001[2].

Because of the increase Fed rates, the economy keeps growing, yet there are some concerns about low inflation persist. Nowadays, the economy has expanded at a fairly steady speed after the financial crisis, and the Fed expects to continue the growth. However, we found that the seventh straight year in which inflation has remained below the 2 percent annual pace that the Fed regards as healthy. In addition, the policymakers have continued to raise Fed rates because most of them are confident that inflation will increase as the economy to grow[3].

According to Ian Shepherdson, chief economist at Pantheon Macroeconomics, “The Fed forecasts an endless expansion, with minimal inflation pressure, despite unemployment well below their Nairu estimate, forever and interest rates peaking at 3.1 percent.[4]” Therefore, I agree with that Federal Reserve should continue to raise the target on the federal funds rate, and it brings a lot of benefits to the United States.

Question 5 (1 point)

Suppose 65.47% of small businesses experience cash flow problems in their first 5 years. A consultant takes a random sample of 522 businesses that have been opened for 5 years or less. What is the probability that less than 64.62% of the businesses have experienced cash flow problems?

Question 5 options:

Question 6 (1 point)

The rainfall in Aberdeen Reservoir, Washington (the wettest place in the contiguous United States) averages 123.79 inches per year with a standard deviation of 5.958 inches. A random sample of 36 is taken from the population. What is the distribution of the sample mean?

Question 6 options:

Question 7 (1 point)

The rainfall in Aberdeen Reservoir, Washington (the wettest place in the contiguous United States) averages 130.78 inches per year with a standard deviation of 6.568 inches. A random sample of 37 is taken from the population. What is the distribution of the sample mean?

Question 7 options:

Question 8 (1 point)

Suppose that NBA players average 28.7 points per game with a standard deviation of 8.04. A random sample of 187 players is taken. What is the probability that the sample mean is between 28.48 and 28.7?

Question 8 options:

MAT 117 Problem Set 1                               Name: ___________________________

Directions: Show all work and explain your thinking as you solve these problems or write the explanations. Each problem is worth five points.

1. Below are definitions of different math number concepts. Write the concept that goes with each description. (no explanation needed for this problem only).

2. Explain the difference between the expressions 6x⁰ and (6x)⁰. If there is no difference, explain why.

Grading: 2 points: Worked out Problem Mathematically; 3 points: Explanation

3. For a recent year, the United States consumed about 1.0 x 10⁴ of petroleum per second. (Source: U.S. Energy Information Administration)

How many gallons of petroleum did the United States use that year?

Show work for all intermittent steps and Explain each step used to get your answer.

Grading: 1 point: Correct Answer; 2 points: Work; 2 points: Explanation

4. State whether the following statement is true and explain why or why not: A trinomial is always a higher degree than a monomial. Give an example proving your answer is correct.

Grading: 2 points: Correct Answer; 2 points: Explanation; 1 point: Example

5. Explain why x+ 7 is a polynomial, but x+7 is not a polynomial.

Grading: 5 points: Complete explanation