1. The Federal Government distributed a recovery relief fund to all households with $600 for all individuals filing and $1,200 for all households filing jointly and $500 for each children in each household. This was part of the $2.2 Trillion stimulus package under CARES Act of March 2020 that also included employee job protection plan for small business owners and restaurants, travel related businesses, unemployment insurances and households with no taxes filed. What would be the overall impact on AD of this recovery relief fund caused by COVID- 19 public health crisis and its effect on change in real GDP? Assume that the Marginal Propensity to Consume (MPC) for all American consumers is 0.8 in March 2020. Explain your answer briefly as well in your own words. Make sure you use your understanding of the concept of expenditure multiplier in estimating this problem.

2. Trump’s imposition of $260 billion tariff in the Month of May 2019 (taxes on imports to the US Market) on Chinese exports to the US has caused a global tension in financial markets and related business activities. In retaliation of Trump’s tariff, China also imposed almost similar amount of tariff on US exports to China about $200 billon. In response to this trade war between the US and China, the US stock price indices of the Wall Street plummeted in May and June 2019. Th stock market in Shanghai in China also crashed at the same time. The data on new job for the US economy in May showed a very slow rate of job creation at the same time. Given this scenario from the US-China trade war and given your knowledge on macro model of AD an AS, do you think the the retaliation of China in response to Trump’s Tariff would have a negative impact on the US economy in near future? Give your reason in your opinion as to why or why not the case.

You are currently planning an investment strategy designed to partially finance your eight-year-old child's education. You have $10,000 to invest and your child will begin university studies ten years from now. Your financial advisor recommends that you buy some Telstra shares. Telstra shares have a beta of 0.9 and the returns on Telstra shares have a standard deviation of 40% p.a. The riskless rate of interest is 5% p.a. and the market risk premium is 7% p.a. The standard deviation of the return on the market is 20% p.a.

If you follow the advice of your financial advisor, how much do you expect to have available when

your child begins university?

You become aware that your bank is marketing an Australian Equities Index Fund. The goal of this fund is to exactly match the performance of the All Ordinaries Index (a broad stock market index). If you invest in this fund, rather than the Telstra shares, how much do you expect to have available when your child enters university?

Finally, a colleague suggests that you shouldn't limit yourself to choosing between investing everything in Telstra or everything in the index fund. He suggests that you can do even better by diversifying. In particular, he suggests an equally-weighted portfolio consisting of $5,000 invested in Telstra shares and $5,000 invested in the index fund. What do you think about your colleague's advice?

1. You are a nursing researcher and you are interested in whether university grades are predictive of performance on the NCLEX exam. You randomly select a sample of 25 nurses from the Ontario registry and obtain each nurse’s score on the NCLEX examination. You also have access to their final grade in university. The complete data are shown in the table below. Use these data to answer the questions below the table. Assume a 0.05 level of significance.

1. Use SPSS to obtain the predictive equation. Provide the equation and the supporting SPSS output. [1 Mark]

2. Use an appropriate statistic provided by the SPSS output to describe the utility (goodness) of the regression equation for predicting NCLEX scores. [1 Mark]

3. What is the predicted NCLEX score for a final grade = 75? [1 Mark]

4. What is the unexplained variation in NCLEX scores for your regression model? Show your calculation. [1 Mark]

Write 4-5 paragraphs on the background of the Economic and cost issue of the opioid crises in the US. Please don't use everything from the internet, except for the data. Also, provide data source for this issue, with a graph.

Please address ONE main barrier (from YOUR point of view) that US health care system may encounter when trying to improve the population health. Please offer specific example/s.

provide a brief summary of the lessons that investors should learn from the Collapse of Banco Popular. Was the restructuring successful? Do you agree that US capital adequacy requirements are more stringent than European ones?

One of the interesting aspects of chemistry that affects us on a daily basis is the area of polymer chemistry. What are some of the products we use on a daily basis that is derived from this? Please explain in at least 150 words.

1. Explain the following developmental periods. Tell us what occurs during

   1. Implantation

   2. Gastrulation

   3. Neurulation

2. Name and explain the 3 parts of labor. Be sure to include that the placenta is composed of the __________ layer from the embryo and the mother’s __________________.

In a marketing campaign to increase lagging sales of their oatmeal raisin cookies, the Quaker Oats Company announced the "Raisin" the Roof Challenge, claiming that 30-ounce packages of their oatmeal raisin cookies contained on average more than 1200 raisins. Dedicated statistics students at Princeton University (no kidding) purchased randomly selected packages of Quaker Oats oatmeal raisin cookies and counted the number of raisins in each package. Some of their data are shown below:

1219 1214 1087 1200 1419 1121 1325 1345

1244 1258 1356 1132 1191 1270 1295 1135

The shape of the distribution of the number of raisins per package is approximately mound-shaped with very little skewness and no outliers.

We will use the above data to perform a hypothesis test to evaluate the Quaker Oats Company's claim.

Question 1. The null hypothesis is H₀: μ = 1200, where μ is the mean number of raisins per 30-ounce package. Select the alternative hypothesis from the choices below Note: 2 submissions ONLY.

a) In decision-making under uncertainty, explain why “expected utility” is preferred to “expected value” in consumer’s optimization. Describe a situation where maximizing “expected utility” and maximizing “expected value” are equivalent.

b) An individual has a utility function represented by ?(?) = √? , where I is her annual income in dollars.   

(i) Is this individual risk loving, risk neutral or risk averse?

(ii) Suppose this individual has a current disposable income of $90,000. Suppose that there is a one percent (1%) chance that her house may burn down, and if it does, the cost of repairing it will be $80,000, thereby reducing her disposable income to $10,000. Calculate the expected value (income) and expected utility for this individual.

(iii) The individual is offered insurance to protect against the possibility of a fire. What would be a fair insurance premium? If the individual takes up the insurance, what is the maximum amount she would be willing to pay for this insurance?