Quiz #09 - Results

The government of Ghana comes out with a compensation programme for disabled workers which replaces 50% of a disabled worker’s previous monthly salary up to GHC300/wk for as long as the worker is out of work. In the said programme, as soon as individual works for even one hour, all benefits are taken away. Eric and Oscar both worked for Komenda Sugar Factory and were injured in the same accident. Both worked full time (40 hrs/wk) before the accident occurred, with Eric earning GHC20/hr and Oscar earning GHC10/hr. a) How much in weekly workers’ compensation benefits is each worker entitled to? b) What percentage of each worker’s previous weekly salary is replaced under the income maintenance programme introduced by gov’t of Ghana? c) Suppose Eric and Oscar are free to return to their previous jobs at their previous salaries when healthy, how many hours must each person work per week to replace the income they were receiving while collecting disability?

Over the last several decades improvements in computer software, hardware and robotics have dramatically altered the ability of machines to do complex repetitive tasks. Discuss the implications for semi-skilled skilled workersas a result of this improvement. Discuss how the cost of the new technology influences the choice of inputs used in production and the rate of adoption of the new technology. Can you please answer this question so there will be no plagiarism, you have answer for this question in your website, but more likely it is already copied by someone else

TRUE OR FALSE: 1. Generally, those who have higher wages are people with more human capital. Hence, more schooling as well as more work experience, generally lead to higher wages. 2. Smaller Gini ratio leads to more equal income distribution.

an economist makes an assumption that each year of additional education causes future wages to rise by 11 percent. in this model, if a person with 12 years of education makes $24,500 per year, then a person with 4-year college degree would earn per year. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

The productivity of an input is the   Group of answer choices net worth of the input. sum of the total output produced by all inputs. amount of output produced per unit of input. per capita cost of an input.

After a careful statistical analysis, the Chidester Company concludes the demand function for its product is Q = 500 - 3P + 2Pr + 0.1I where Q is the quantity demanded of its product, P is the price of its product, Pr is the price of its rival’s product, and I is per capita disposable income (in dollars). At present, P = $10, Pr = $20, and I = $6,000.   What is the implicit assumption regarding the population in the market?

Consider an individual aged 64 who is eligible to collect full social security (public pension) benefits of $6,000 for a year. They have no other income but can work at a weekly wage rate of $600 for a maximum of 52 weeks. Receipt of benefits from the social security program is retirement tested. Specifically, the individual can earn up to $9,000 in annual wage income without a reduction in benefits; however, after $9,000 of earnings, benefits are reduced by 50% for every dollar earned, until the benefits are exhausted. a) Carefully draw and label the budget constraint for this individual. b) Suppose previously there was a retirement test, and then the test is eliminated, i.e., the individual now is allowed to keep all benefits, irrespective of their labour earnings. How would this affect the individual’s labour supply? Question Two David is a 70-year-old accountant. After serving his accounting firm for 45 years, David decides to retire soon. David has great passion for vintage cars…

Springfield is a small town with a total civilian population of 800. Of this population, 125 are under the age of 16. Of the population 16 and over, there are 350 working full-time and another 50 working part-time. Of the remaining adult population, 30 people recently quit their jobs in order to look for better employment. Finally, there are 40 full-time students (not working), 180 retired and another 25 stay-at-home spouses.

The portion of students that are female and Hispanic is 2,40015,0002,40015,000. Which of the following represent fractions that are equivalent to 2,40015,0002,40015,000? Check all that apply.

If MPL = 4, the wage rate is 20 and the price at  which the  product  is sold is 4 Group of answer choices a. adding more labor will increase profit b. adding more labor will decrease profits c. adding more labor will keep profits unchanged d. adding labor would make profit fluctuate up and down e. None of the above

Question 13 Given your answers above for Questions 10-12 (especially Q12), should the shop hire that third mechanic? Group of answer choices Yes, the shop should hire the third mechanic. No, the shop should NOT hire the third mechanic.

According to "Urbanization is Part of American Indian Ancestry", a steady migration to urban areas increased in the _______. Group of answer choices 1970’s 1960’s 1950’s 1980’s

Takaful and Karama is a social program that has been launched by the Egyptian government in 2015 to support the disadvantaged and most vulnerable families and elderly citizens. The part of the program that is directed to support families represents a conditional cash transfer that requires families to keep their children in school until they are 18 years old and follow up visits to local health care units to be eligible for receiving the cash transfer. Amira is an Egyptian ten years old child from a poor family who has previously dropped out of school. To be eligible for the fund, her mother enrolled her in school again. Amira is expected to remain in school until she is 18 years old. a) Explain, with the support of illustrative charts, the impact of Amira's returning to school until she is 18 on her potential life earning stream. b) How will that social program impact the national human capital of Egypt in the future, and specifically the characteristics of the Egyptian national…

Question Management of AG Travel and Tour has identified two groups of individuals thatwould be interested in the vacation package consisting of room and board and/orentertainment. The maximum amount that group 1 is willing to pay for room andboard is GHC 2500 and for entertainment is GHC 500. For group 2, the maximumamount they are willing to pay for room and board is GHC 1800 and forentertainment is GHC 750. Although AG Travel and Tour is not able to identifymembers of either group, it does know that each group values the components ofthe package differently. Assuming there are an equal number of members in eachgroup and that the total membership in each group is a single individual. If themarginal cost of providing the service (room and board and/or entertainment) toeach group is GHC 1000. i. How much will the hotel charge members of each group for the vacationpackage if it could identify the members in each group?ii. How much will the profit for AG Travel and Tour be? iii. Since AG…

Latest statistics obtained from Board of Engineers Malaysia (BEM) official website states thatthere is currently a total of 14,794 registered Professional Engineers in Malaysia, as shown inFigure 1. This is slightly below 10% of the total Graduate Engineers registered with BEM.Most developed nations have an engineer to population ratio of 1:100, that is 1 engineer forevery 100 persons in the population. This means that there is still a shortage of registeredengineers in Malaysia since our population is approximately 32.7 million.   Discuss the impact of a shortage in registered Graduate Engineers and ProfessionalEngineers to the nation. a) You are required to provide at least three (3) different impactsand include any credible references to support your discussion.b) Recommend at least four methods to increase the number of registered ProfessionalEngineers in Malaysia.(Answer must be at least 1500 words)

Question: Evidence indicates that the typical person who becomes unemployed in the U.S. labor market will a) leave the labor force and never return. b) soon find a job. ↓ c) find a job but not before a year or more has gone by. d) retire soon after. Note: The hand written solution is prohibited.

Imagine a rural area with a current wage rate of $20 at which 1500 workers are employed and 500 are unemployed. A government project will hire 50 workers at the going wage rate. Assume reservation wages for those hired are more or less uniformly distributed between $2 and $20. The METB is 0.2. Estimate the expected opportunity cost of project labor.

Economic   Pick a country from Latin America, Asia, or Africa region that has used Import Substitution Industrialization (ISI) strategy temporarily in the past 60 years. Present a brief overview of the ISI strategy and include the arguments provided to justify the ISI strategy for this country. Take care of plagiarism

1. What percentage of 18-24 years olds had less than a high school education in 2016? 10.7% 20.3% 15.4% 7.0%

Find the GNP at factor cost if the GNP at market price is 3200 indirect taxes are 1400 and the subsidy are 1000

There is a growing concern with the incidence of poverty among unattached, non-elderly individuals. Feng, Dubey, and Brooks (2007) find that being a high school leaver is an important risk factor for being in low income for this group. Provincial welfare and workfare programs often require recipients to participate in some job/employment related activities. Discuss the strengths and weaknesses of this approach compared with an approach that stressed investments in human capital and education.

Recessions occur Group of answer choices irregularly. regularly, about every 10 years. regularly, about every 3 years. regularly, about every 5 years.

Question 32 The Social Security and Medicare programs have been a failure in terms of reducing poverty among elderly U.S. citizens. O True 2 pts False  Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.

Part A:  For each entry, compute the equivalent household income(Round to the nearest dollar).Part B:  Consider that the absolute poverty line is $25,000, afteradjusting for household size. What percentage of households are in poverty?Part C:  Now consider the relative poverty line which is 50 percent below median adjusted income. What percentage of households are in poverty in this instance? [Hint: For these computations, you can copy the data into a spreadsheet application and use the formula command to determine the above calculations]Part D:  In lieu of income levels, briefly describe an alternative method of determining economic well-being (namely, the Human Development Index).

In the National Architects example, the VP decides that "Skilled personnel" should get a weight of 0.1 and "Aligns with policy/philosophy/culture"should increase to 0.2 . What is the score for provider TELCO (ISRAEL)?

S Pte Ltd (“SPL”) is a country incorporated and tax resident in Country S. It has developed a social audio platform whereby the users can connect with other users from different parts of the world via audio chat. SPL believes that social audio feature will be the next game changer in the internet space, especially when a lot of countries are still in lock-down mode and human-to-human connection becomes a huge concern during Pandemic.The social audio platform is getting more popular in Asia and SPL is keen to explore the possibility of setting up a Headquarter company in Singapore with operating subsidiaries in Malaysia, Thailand, Japan and Hong Kong. Required: Assuming SPL is interested in applying for tax incentives in Singapore, illustrate the two (2) relevant tax incentives SPL can consider based on the information stated above, and discuss any additional conditions SPL should be aware of.

I need help determining which of the following.

The workforce at Haines has been observed by management to have low morale. This unhappy condition of the workforce translates into poor productivity and inefficient operations. It is surmised that this condition is caused by poor pay and insufficient benefits. Will an increase in wages and benefits be sufficient to solve the problem of low morale in the workforce at Haines?

Q: Both wages and noncash benefits are subject to income tax.  True  False