Economics 345 Capstone Assignment

The economy of Brazil is in the top ten largest economies along with the United States. It is the biggest in Latin America. Actually it is the seventh largest in the world. Brazil has used its newly found economic mechanism to syndicate its outcome in South America and show more of a role in the Global Businesses. The Obama Administration’s National Security Strategy recognizes Brazil as a developing center of effect, and greets the management of the country’s joint and global issues. The United States and Brazil associations mostly have been good in the recent years. But Brazil has other strengthening relations with neighboring countries and expanding ties with nontraditional partners in the South that’s developing.

Most high schools have an atmosphere where students are encouraged to do whatever possible to pass the course. However, they are only emphasizing on teaching students that passing a course is more important than actually learning and enjoying the material. This creates the belief among students that cheating or temporarily memorizing information is what school is about. The false representation that high school gives to learning, leads students to not want to pursue college and if they do attend college they are not very successful unless they finally realize that school is about learning and enjoying the pursued courses.

Implementing a UBI would be a smart choice, not only for the government but for the american people. Cutting all other assistance from the government to lay down a secure base for all would reduce government bureaucracy, improve standard of living, reduce the wealth gap, contribute to better working conditions and create social capital, creating an efficient, effective society benefiting everyone

One the one hand, I strongly agree that a Universal Basic Income would be beneficial to the changing economy. On the other hand, I am not sure if Murray has thought through all of the effects of terminating welfare. With the rough economy and dwindling job market, Millennials to Baby Boomers are having a difficult time finding a job and supporting a family. People are being forced into jobs that they are not happy with and will not stay with. Having a UBI will create a way for a person to be able to survive and also for the person to do something for themselves and the world that will make them happy. In saying that, I am stereotyping all citizens into one category. Each family is different, and has different circumstances. It is for this reason that completely taking away welfare to create a UBI will not work. As I have had a major surgery before, I understand what medical bills can do to a family. If child has a medical condition, bills will start to pile up and without the help of welfare, the family may not survive. Another setback is college, if a student does not start earning the money until 21, and there is not financial aid, then how will a student get through school. There are many different reasons as to why a UBI will work but there are many setbacks, and without first addressing those issues, a UBI will never

An income is designed to, at the very least, be enough for one person to support their basic needs. With the way society is today, the only well-paying jobs are those that are often undesirable, or require a higher education that isn’t affordable for some people. Gray Whisnant, an opinion columnist for The Cavalier Daily, states in his article “Make It Rain” that inducing a UBI (Universal Basic Income) will solve not only poverty dilemmas, but solve other jobs related problems. Whisnant explains his ideas clearly and it makes me want to agree with him, but I’m afraid it wasn’t quite enough to sell me his idea. He failed to mention any sort of downsides in his article, making me think he is completely overestimating the idea of a UBI. I support

In response to these starkly rising rates of inequality many people have begun looking into replacements for the current welfare systems that are in place as they do not seem to be adequately handling the issue. The idea of a UBI, although not a new idea, has begun to gain traction as an alternative. The idea is that each individual be allotted a certain income with no requirements whatsoever that is intended to allow them to healthily participate and grow as a member of

An increase in the exchange rate of the U.S. dollar relative to a trading partner can result from

A universal program is a type of service that is offered to everyone. You are not required to meet a certain income range or bracket in order to receive the services. The book states that individuals are for this type of program because everyone should be able to receive services regardless of their income. The process to obtaining this type of service is very simple and there isn’t a waiting list. The services aid those that are disabled, retired, unemployed and many others. The population that benefits from this program is mostly the middle class and some of the poor. The funding for this program is administered by the federal government with assessments on who should seek these services and what they would get out of it. The view of this type of program is that the beneficiaries are commendable and justifiable. There’s no shame to those that seek this type of program.

Citizen’s dividends, unconditional monthly grants, or free money to everyone. This is what a universal basic income (UBI) has been called in other names. The notion of a universal basic income has been literally everywhere for a very long period, at least since the aftermath of the world war I. A UBI is an income given without any strings attached to every adult and child (or in some version, only citizens) to provide at least an adequate level of resources. A basic income guarantees each citizen an income sufficient to meet his or her basic needs. The money would be given even regardless of whether the recipients are in the jobs or not. Strikingly for UBI, it is not mean-testing benefits, meaning that no family stuck in poverty traps

2. Collusion is illegal in the United States, but is legal in many other parts of the world.

In this chapter, the author notes that the major moral hazard effect of the unemployment insurance is understood in the duration of unemployment spell. The author claims that the moral hazard effects of unemployment insurance, higher unemployment insurance benefits leads to an increase unemployment duration. Statistically, the studies implied that every 10% rise in unemployment insurance benefits result in unemployment durations that are 8% longer. On the other hand, the occurrence of disability insurance moral hazard because it is hard to determine weather individuals are truly disabled or not. Finally, the author points out that a lot of evidence related with one of the main moral risk affect worker's compensation program. For instance, Gruber (2015) found out that in worker’s compensation every 10% increase generosity resulted in a 7% increase in the rate of reported injury. In fact, the meaning of these results is that some workers are wanted to fake injuries to get more employe benefit from the increase of workers’ compensation composite

ECS2220 EXAM PAPER MAY 2011 ANSWERS PART 1 Question 1 a) If the monopolist is not regulated, the price will be set at P2. It is the point where marginal cost equals marginal revenue and the resulting optimum quantity is replaced into the demand function. b) The price will be P4. This is the point where the marginal cost equals the average revenue, which in a perfectly competitive industry is also the marginal revenue of the firm. c) The minimum feasible price is P3. The firm will not produce below its average total cost.

Graph is a straight line on consumption-leisure space, whose slope is –2(=-10/5), the intercept on the horizontal axis is 100, and that of the vertical axis is 200. (2 marks)

The article “Government moves to sell Medibank Private” by Jim McIlroy on April 9, 2014 explains that the Australian government is trying to sell billions of dollars of public asset as Medibank Private to some of the private investors. The question raises in the article is that whether government-owned health insurance company should turn into private-owned or not.

Aggregate wage measures the overall cost of labor, and the index shows the percentage of change in this value over the period examined in this case, there has been an increase of 4.59% in the aggregate wage. The aggregate for each year is calculated by multiplying the rate by the number of staff for each grade (to weight the wages correctly), then summing the results; the index is simply the current year divided by the base year and multiplied by 100. The average rate measures the costs of labor in the amount-per-unit of labor rather than as an overall or total measure, in this case showing a 2.47% increase over the period in question. Average rates for each year are calculated by taking the same sum of rate times number of staff for each grade and dividing by total number of staff; the index is current year/base year * 100.