Critical Thinking Assignment Four

3. Generally, liberals believe that people are poor because of circumstances beyond their control (economics, health, society, family background), while conservatives believe people are poor because of their own individual failures (laziness, lack of character, decision not to study or pursue higher education (or lack of the discipline to do so or to follow through and work hard)). What do you believe? What steps would you propose to reduce poverty, on the basis of what you think causes it? What should America do about the high school dropout problem and the low grades and scores of particularly minority students--how does the country solve this?

Answer two (2) of the following essay questions.

1) How do automatic stabilizers, on both the expenditure and revenue sides of the budget, respond when the economy is in 1) a contractionary 2) an expansionary gap?

2) How much should the government 1) increase spending or 2) cut taxes when the economy is in a contractionary gap equal to 500 billion and the MPC equals 0.8.

3) According to the classical school of economists, the economy is self-correcting. Explain why the economy will automatically move to long run equilibrium (potential output) when it is in an expansionary and in a contractionary gap.

4) Give an account of how an increase in government spending can lead to an increase in the trade deficit.

Indigo Corp. enters into a contract with a customer to build an apartment building for $1,061,800. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $139,200 to be paid if the building is ready for rental beginning August 1, 2021. The bonus is reduced by $46,400 each week that completion is delayed. Indigo commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:

Determine the transaction price for this contract.

A Gallup Youth poll was conducted to determine the topics that teenagers most want to discuss with parents. The findings show that 46% would like more discussion about the family’s financial situation, 24% would like to talk about school, and 30% would like to talk about religion. The survey was based on a sampling of 505 teenagers selected at random from all U.S. teenagers.  

Questions:

1. Describe the individuals of this study.
2. What is the main variable of interest in this study?
3. Classify that variable in terms of the highest level of measurement. ?
4. Classify the variable as qualitative or quantitative
5. Identify the sample and the population from which the sample was selected. (2pts)
6. Is the sample representative of the population? Explain (3pts)

Ken and Amy Charvet have two children, ages 4 and 6. The Charvets want to start saving for their children’s education. Each child will spend 5 years at college and will begin at age 18. College currently costs $30,000 per year and is expected to increase at 7% per year. Assuming the Charvets can earn an annual compound investment return of 12% and inflation is 4%, how much must the Charvets deposit at the end of each year to pay for their children’s educational requirements until the younger child goes to school? Assume that education expenses are withdrawn at the beginning of each year and that the last deposit will be made at the beginning of the first year of the younger child.

In a study published in 1980, B.B. Gibson estimated the following price and income elasticities of demand for six types of public goods.

State Activity Price Elasticity Income Elasticity

Aid to the poor -.83 .26

Pollution control -.99 .77

College and universities -.87 .92

Elementary school aid -1.26 1.14

Parks & recreation areas - 1.09 1.06

a. Do these public goods conform to the law of demand? Which goods are elastic? Explain. b. Which goods are normal goods and which are inferior? Explain.

c. If the price of education increase by 10% and incomes increased by 8% what would be the change in demand for college and university education? Explain.

Interview a program/project manager; it can be inside your organization or external to your organization, preferably this individual has more than ten-years’ experience in the profession.

ask the following:

What is your approach to managing a project?

What is your school of thought on project management? Do you prefer waterfall, agile methods etc.?

What skills does a program manager need to have in today’s market?

What is the greatest challenge as a program manager?

Where do you see program management going in the future?

How do you handle politics and conflict?

Write a 2 to 4 paragraph summary of the interview, from the above questions.

Rosa is a single parent who maintains a home in Durham in which she and her 16-year-old daughter, Maria, reside. She also provides most of the support for her son, Carmelo, age 25, who is a full-time student at Duke Law School, lives at home, and earns $3,500 as a part-time waiter at a local diner. Which of the following statements is true of Rosa's tax return?

a.Maria is a qualifying relative, while Carmelo is a qualifying child of Rosa.

b.Neither Maria nor Carmelo is a qualifying child of Rosa.

c.Both Maria and Carmelo are qualifying children of Rosa.

d.Carmelo is a qualifying relative, while Maria is a qualifying child of Rosa.

1 a)_Discuss the assessment techniques of an older adult and present the warning signs of Alzheimer’s disease
b)_Discuss the assessment techniques of genitourinary system in an adult male and include one usual abnormal finding
2a)_Discuss the assessment techniques of abdomen in an infant and include one usual abnormal finding
b)_Discuss the assessment of a patient complaining of moderate abdominal pain and include one usual abnormal finding
3a)_Discuss the assessment techniques of the musculoskeletal system of an older adult, focusing on ambulation, and include one usual abnormal finding
b)_Discuss the assessment of the musculoskeletal system of a high school student, focusing on the spine and include one usual abnormal finding

You are saving for the college education of your two children. They are two years apart in age: one will begin college 15 years from today and the other will begin 17 years from today. You estimate your children’s college expenses to be 21,000$ per year per child, payable at the beginning of each school year. It takes four years to graduate. The annual interest is 15%. How much money must you deposit in an account each year to fund your children’s education? Your deposits begin now. You will make your last deposit one year before your oldest child enters college.