The Wall Street Journal reported that automobile crashes cost the United States $162 billion annually (The Wall Street Journal, March 5, 2008). The average cost per person for crashes was reported to be $1599. Suppose this average cost was based on a sample of 50 persons who have been involved in car crashes. The population standard deviation cost per person is $600.

Calculate a 95% confidence interval of the population mean cost per person for the crashes in the United States.

In a recent poll of 980 homeowners in the United States, one in four homeowners reports having a home equity loan that he or she is currently paying off. Using a confidence coefficient of 0.95, derive the interval estimate for the proportion of all homeowners in the United States that hold a home equity loan. (You may find it useful to reference the z table. Round intermediate calculations to at least 4 decimal places. Round "z" value and final answers to 3 decimal places.)

Reflect on your own experience with healthcare. Do you feel like our current healthcare system provides the best healthcare for our population? (Justify your answer). According to the readings and the economic concepts you have learned in this class, what type of healthcare system do you think is best for the United States and its citizens? (Justify your answer). How do opinions about healthcare differ between political parties in the United States? Is this a problem? Why or why not?

2. What would you expect each of the following developments to do to the price of dollars in euros? a. European investors lose confidence in American assets and decide to buy fewer American stocks and bonds. b. The European Union removes its existing tariffs on goods from the United States. c. Inflation is higher in the United States than in Europe. Please explain parc c with a graph. This question was answered previously on this websit but it was incorrect so do not post the same answer.

ade and Tariffs

There is often talk in the news recently about increasing tariffs on some imports. Watch the video (Incidence of a Tariff) to prepare for this week’s discussion.

Reply to these questions in your post:

• When the United States puts tariffs on imports, who do you think ultimately pays these tariffs? Is it the foreign companies selling here, American consumers, or both? Explain your answer.
• Is it good or bad for American consumers when the United States puts tariffs on imports?

Discuss globalization with your peers:

The United States, a large open economy has substantially increased government spending and decreased taxes during the early 1980s. Not only has that changed national saving in the United States, but also in the rest of the world.

(a) What was the consequence for the world real interest rate?

(b) What was the consequence of the US policy on Norway, a small open economy? Use a model of a long-run small open economy with perfect capital mobility to discuss what happened to domestic saving, investment and interest rates in Norway.

Consider examples in Chapter 11 of the Galanti text where cultural behaviors and personality traits were diagnosed as signs of mental illness. Which examples would you foresee as possibly being present in your geographical area of the United States (or elsewhere, if you are outside of the United States)? While working in health care, how might you best watch for and be prepared for these potential issues with patients in your area?

Parameters: The journal submission will be a minimum of 400 words, but not exceed 500 words.

Find an article about Inflation in the United States. Post an outline of your article and make sure to include the title, date, and source of your article.  Make sure it is a current article.  At the end of your outline, answer the following questions.  1.  What is the current rate of inflation in the United States?  2. Do you think inflation is a good thing or a bad thing? Think about employees wages and the prices of products when you answer this question.  Explain your answer.