In: Operations Management
Questions 28 and 29 are based on the following:
Suppose Pres. Trump and the Republican Party successfully expel all 11 million undocumented residents of the United States this year. This would represent an abrupt decrease in the overall supply of labor of about 4%. Since undocumented workers are heavily concentrated in agriculture, construction and household services (like cleaning, child and elder care and lawn care) the percentage decline in the supply of labor to these industries would be in the 15% - 25% range.
Questions 38 – 41 are based on the efficiency wage framework. The efficiency wage framework can be summarized with the following equation:
P = k{w/(Q/L)}
Where:
|
P K W Q |
= Price = the mark-up ratio = the wage rate per hour = the quantity produced |
L (Q/L) {w/(Q/L)} |
= the hours of labor employed in production = output per hour of labor (labor productivity) = labor cost per unit of output or the “efficiency wage rate” |
Questions 35 - 37 are based on the following.
Evidence from studies comparing employment in adjacent states and counties with different minimum wage rates show that increases in the minimum wage rate have little or no effect on employment. If anything, an increase in minimum wage seems to cause a slight increase in low wage employment. There are at least three ways of explaining this fact:
In: Economics
What is the context of the article? (By context, we mean describing the social, political, etc. landscape that surrounds a topic or idea)
Provide 4 claim made in the following article. Give explanations and evidence to support the claim
What was the bias in the following article and explain it
Harmonizing nurse education with U.S. hurts Canada's edge
ADRIANA BARTON
PUBLISHED MAY 12, 2016
A push to "harmonize" nursing education in Canada and the United States may threaten Canada's high standards in nurse training, according to a spokesperson for the Canadian Association of Schools of Nursing. In a report released in March, Canadian nursing schools outperformed their U.S. counterparts in the QS World University Rankings published by Quacquarelli Symonds, a British company specializing in education and study abroad.
The University of Toronto's Lawrence S. Bloomberg Faculty of Nursing placed third in the world, after the University of Pennsylvania in first place, followed by Johns Hopkins University in Baltimore, Md. Relative to the number of institutions assessed on either side of the border, however, Canada had a greater proportion of nursing schools in the Top 50 list.
But Canada could lose that edge if Canadian regulators go ahead with a plan to bridge the differences in standards between the two countries, said Cynthia Baker, executive director of the Canadian Association of Schools of Nursing. "Canadian nursing education is highly respected internationally and we should not be changing that to fit the needs of the U.S.," Baker said.
News of the plan to harmonize nursing education came in an article published in the spring edition of an online quarterly journal called Leader to Leader. The plan is part of a broader strategy to increase mobility among nursing graduates, according to a statement in the journal from a Canada-U.S. working group called the Harmonizing Education Regulatory Standards in Nursing. "Nurses often practice across borders, either by physical movement, distance education or telehealth," said the article, which was taken offline Wednesday in response to criticism. "Global consistency with nursing education regulatory approval standards would be beneficial for promoting more seamless mobility."
But according to Baker, Canada's nursing graduates are already at a disadvantage because of this strategy. Two years ago, Canada adopted a mandatory test called the NCLEX, developed in the United States to license graduates to practice nursing. In Canada, nursing schools in most provinces and territories were ill-prepared for the American test, which includes questions about care management that do not apply here, Baker said. In 2015, the pass rate for Canadians writing the test for the first time was 71 per cent. Among first-time francophone writers, the pass rate was only 27 per cent, "because the [French] translation was such a disaster," she said.
Canadian regulators adopted the U.S. licensing test without consulting non-regulatory nursing organizations in Canada. Canadian members of the harmonization team were drawn solely from provincial regulatory bodies, who are working with American partners without the knowledge of Canadian nursing educators or other professional nursing groups in Canada, Baker said.
Currently, Canadians (other than Quebeckers) must earn a bachelor of science in nursing to practice nursing in Canada, while Americans can practice with a BSN or an associate's degree in nursing or other diploma. Baker cited research evidence showing that a baccalaureate-prepared nursing work force provides significantly better and safer health care. "We believe this harmonization plan would have serious negative implications for health human resources and for the Canadian health-care system," Baker wrote in a letter to Canadian and American regulators on Friday. Leader to Leader subsequently removed the article.
Canada's success in the QS World University Rankings for nursing is based on global surveys of academic reputation, perceptions of graduate employers, research citations and measures of the global impact of scholarly publications. The 2015 rankings were the first to include nursing as a subject.
At the University of Toronto, researchers at the Lawrence S. Bloomberg Faculty of Nursing include internationally recognized leaders in postnatal depression and maternal mental health, patient decision-making in response to genetic testing for breast cancer, and monitoring of equity and access to health-care systems.
"The research underpins the evidence-based-practice approach to helping students learn how to deliver care," said Linda Johnston, dean of the Lawrence S. Bloomberg Faculty of Nursing. In addition, students develop clinical expertise during placements at world-leading care facilities such as Sick Kids and Mount Sinai Hospital, said Johnston, who was previously employed at the University of Melbourne and Queen's University in Belfast.
Since research findings may not be appropriate for every patient, becoming a first-rate nurse requires a sound understanding of how to interpret the evidence in daily practice while considering the patient and family's decisions, Johnston said. "I've only been at the U of T for two years, but I am always astounded by the insights and critical thinking that our students display."
Like Baker, Johnston expressed concern over the Canada-U.S. harmonization plan. "It may not make sense," she said, noting that the United States has "a completely different model of care delivery."
An American-style system that licenses nurses to practice without requiring a university degree may not foster the academic career pathways that have made Canada a world leader in nursing education, Johnston said. "Academics are getting older," she pointed out. "Where is the succession planning?"
She added that preparing Canadian nursing students to operate in a U.S. environment may encourage them to move to the States for better career prospects. "That could lead to a nursing shortage [in Canada]," she said.
In: Nursing
American Airlines and United Airlines are duopoly that faces a market demand curve that is p = 120 – Q. American and United both have a constant marginal cost of 20.
a. Calculate the output of each firm, the total market output, the price of each firm and the profit earned by each of them, if there is Cournot equilibrium. Show all the steps for full credit.
b. Draw the market demand curve of the duopoly, the residual demand curve for American Airlines.
c. Draw the best response functions (or the reaction functions) of both firms in a graph.
In: Economics
Assume that the market is in equilibrium and that stock betas can be estimated with historical data. The returns on the market, the returns on United Fund (UF), the risk-free rate, and the required return on the United Fund are shown below. Based on this information, what is the required return on the market, ? Year Market UF 2011 −9% −14% 2012 11% 16% 2013 15% 22% 2014 5% 7% 2015 −1% −2% : 7.00%; rUnited: 85.00%; Select the correct answer. a. 59.30% b. 59.20% c. 59.10% d. 59.00% e. 58.90%
In: Finance
In 2010, the United Nations claimed that there was a higher rate of college graduates in men than in women from the country of A. A fact finding organization went to country A to conduct a random sample from a population of 10 million people The results revealed that 60 percent of 2500 men and 54 percent of 2510 women had college degrees. Do these results indicate that the United Nations findings were correct? (Assume significance level α=0.01) Be sure to verify the conditions.
Test an appropriate hypothesis and state your conclusion.
In: Statistics and Probability
3.2 Should states be required to cooperate with the Federal Government in its policies in fields such as immigration? Should the Federal Government withhold funding or assistance to states, counties or cities which refuse to follow Federal laws? Given national supremacy, is refusing lawful?
In: Economics
When does SBD need to implement Wayfair? That is, when are states expecting Companies to register for sales tax after Wayfair? Which Jurisdictions are highest priority to SBD. Should SBD start collecting and remitting sales tax in all 50 states?
In: Accounting
6. Contrasting labor union laws in two states
Consider two states that adopt different laws concerning labor unions
The following graph shows the labor market in a state in the North. Initially, the market-clearing wage there is $8.00 per hour.
Suppose that the legislature in this northern state passes laws that make it easy for workers to join a union. Through collective bargaining, the union negotiates a wage of $10.00 per hour.
Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph.

Enter $10.00 in to the box labeled Wage on the previous graph
Hint: Be sure to pay attention to the units used on the graph
At the union wage, _______ union workers will be employed.
The following graph shows the labor market in a state in the South. The legislature in this state passes strong "right-to-work" laws that make it very difficult for unions to organize workers, so the wage is always equal to the market-clearing value. Except for this difference in legislation, the two states are very similar.
The initial position of the graph corresponds to the initial labor market condition in the southern state before the labor union negotiated the new, higher wage for workers in the northern state.
Suppose that after the wage goes up in the northern state, some workers in the northern state lose their jobs and decide to move to the southern state.
Adjust the graph to show what happens to employment and wages in the southern state.

Which of the following groups are better off as a result of the union action in the northern state? Check all that apply.
The original workers in the southern state
Workers in the northern state employed at the union wage
Employers in the northern state
Workers who find new jobs in the southern state
In: Economics
Build a simple linear regression for (1) all 50 states, (2) Eastern Time zone states, (3) Central Time zone states, (4) Mountain Time zone states, and (5) Pacific, Alaska, and Hawaii Time zone states. Compare your results in all five parts and state your judgements. You may use charts and tables in the comparison. Your answers should have values for the coefficient of determination, AOV table, significance levels, residual plots, and the regression fit with their interpretations.
Data source: Kaiser Family Foundation, 4/20/2020, 5:38PM. (ET = eastern time, CT = central time, MT = mountain time, PT = Pacific time). Some states have a mix of two different time zones which I ignored here).
|
States |
Time zone |
X = Number of COVID-19 Cases |
Y = Deaths from COVID-19 |
|
Alabama |
CT |
5,041 |
169 |
|
Alaska |
PT |
321 |
9 |
|
Arizona |
MT |
5,068 |
191 |
|
Arkansas |
CT |
1,923 |
41 |
|
California |
PT |
33,404 |
1205 |
|
Colorado |
MT |
9,730 |
420 |
|
Connecticut |
ET |
19,830 |
1331 |
|
Delaware |
ET |
2,745 |
72 |
|
District of Columbia |
ET |
2,927 |
105 |
|
Florida |
ET |
26,660 |
789 |
|
Georgia |
ET |
18,947 |
733 |
|
Hawaii |
PT |
580 |
10 |
|
Idaho |
MT |
1,672 |
45 |
|
Illinois |
CT |
31,513 |
1349 |
|
Indiana |
ET |
11,686 |
569 |
|
Iowa |
CT |
3,159 |
79 |
|
Kansas |
CT |
2,043 |
101 |
|
Kentucky |
ET |
2,960 |
148 |
|
Louisiana |
CT |
24,523 |
1328 |
|
Maine |
ET |
875 |
35 |
|
Maryland |
ET |
13,684 |
465 |
|
Massachusetts |
ET |
38,077 |
1706 |
|
Michigan |
ET |
32,000 |
2468 |
|
Minnesota |
CT |
2,470 |
143 |
|
Mississippi |
CT |
4,512 |
169 |
|
Missouri |
CT |
5,889 |
200 |
|
Montana |
MT |
433 |
10 |
|
Nebraska |
CT |
1,511 |
28 |
|
Nevada |
PT |
3,830 |
159 |
|
New Hampshire |
ET |
1,390 |
41 |
|
New Jersey |
ET |
88,722 |
4496 |
|
New Mexico |
MT |
1,845 |
55 |
|
New York |
ET |
252,595 |
18611 |
|
North Carolina |
ET |
6,842 |
202 |
|
North Dakota |
CT |
627 |
9 |
|
Ohio |
ET |
12,919 |
509 |
|
Oklahoma |
CT |
2,680 |
143 |
|
Oregon |
PT |
1,957 |
75 |
|
Pennsylvania |
ET |
33,914 |
1348 |
|
Rhode Island |
ET |
5,090 |
155 |
|
South Carolina |
ET |
4,446 |
123 |
|
South Dakota |
CT |
1,685 |
7 |
|
Tennessee |
ET |
7,238 |
152 |
|
Texas |
CT |
19,751 |
507 |
|
Utah |
MT |
3,213 |
27 |
|
Vermont |
ET |
816 |
38 |
|
Virginia |
ET |
8,984 |
300 |
|
Washington |
PT |
12,111 |
643 |
|
West Virginia |
WV |
902 |
24 |
|
Wisconsin |
CT |
4,499 |
230 |
|
Wyoming |
MT |
313 |
2 |
In: Statistics and Probability