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- Differentiate positive statement from Normative statement and give 2 examples for the latter and former about our LGU response to the increasing number of Covid-19 positive cases.Question 6 Consider Angela who currently works as a data scientist with machine learning expertise. Recently, she was offered a job by Bruno’s firm. The job offer includes a higher salary than her current job and the freedom to choose the number of work hours per day. But Angela is also an amateur musician who desperately dreams of becoming a professional one day. This motivates her to practice music as much as possible, which makes her value her free time very much. Using the model of individual choice, and assuming Angela accepts the job offer, graphically illustrate the impact on her choice of free time and consumption. Fully label your diagram. Note that there are no actual numbers given in this question: you may make them up or simply use appropriate notations. Explain specifically its impact on the following: Angela’s choice of free time Angela’s consumption level Angela’s utility levelWhen using the social ecological model, which of the following would be considered part of the "exosystem" of influence on an individual's physical activity? O Personal factors O public policy O Institutional factors O Exosystem does not exist in the social ecological model If you have a client who wants to work out on his own, which of the following method of prescribing exercise intensity you should recommend to be more accurate? O Rating of perceived exertion (RPE) O Talk test O % Age predicted HRmax O % Heart rate reserve (measured)
- The Rawls's maximin principle has had _____ among economists because it ________trade-offs. O a. little influence; overemphasizes O b. great influence; emphasizes O c. little influence; ignores O d. great influence; ignoresPlease no written by hand solutions Discuss how do you think Marxian Economics treats the theme of environmental crisis. Keep the following question in the back of your mind: if the destruction of nature and human beings is harmful and not desired by anyone, why do we still experience the negative impacts of that? Address the following topics: How technical change may harm the environment, How the choice for specific technologies is not necessarily an option, but it may be dictated by the market. Is capitalism compatible with sustainability? (Hint: both yes and no are possible answers, but I want you to focus on why).Quality-Quantity Trade-off: Becker’s (1981) theory proposes a quality-quantitytradeoff in fertility choices. Parents pay for having kids (childcare, feeding thechild etc.) and well as nurturing the kids (providing education).a. What does Becker’s theory imply about children born in big families?b. To test this model, we need to identify whether it is true that parentswould invest more in kids’ quality (e.g. education) if they had fewer kids.Suppose we compare the education of children in large families and smallfamilies, and find that children in small families get more education. Doesthis imply that being born into a large family causes a child to get loweducation? What mechanisms can you think of that can lead to thisassociation?c. Economists have used twins to test the presence of a quality-quantitytrade-off. In fact, we find that there is mixed evidence for the Q-Q model.What can explain this?
- The world in which we live is complex and to understand it, human beings make use of some orother simplification process. A theory can accordingly be seen as an attempt to simplify things.Such an observation may come as a surprise to those who have often heard remarks to the effectthat such and such a theory is difficult, or at the least terribly complicated. We should neverthelessremind ourselves that a theory involves an attempt to simplify things – it is the world out there thatis the complicated entity. A particular theory (or model) is merely trying to reduce it to manageableproportions, at least as far as understanding our environment is concerned.”In economics, theory is presented in a simple form by making the…1.23a) Post hoc assumptionb) Fallacy of compositionc) Ceteris paribus assumptiond) Blinkered approachWhat is the best test of an economic theory? a. Whether it produces implications that are favored by the researcher. b. Its ability to predict real-world events, patterns, and changes. c. Its eloquence. d. The plausibility of its assumptions.Consider Angela who currently works as a data scientist with machine learning expertise. Recently,she was offered a job by Bruno’s firm. The job offer includes a higher salary than her current job andthe freedom to choose the number of work hours per day. But Angela is also an amateur musicianwho desperately dreams of becoming a professional one day. This motivates her to practice musicas much as possible, which makes her value her free time very much.Using the model of individual choice, and assuming Angela accepts the job offer, graphicallyillustrate the impact on her choice of free time and consumption. Fully label your diagram. Notethat there are no actual numbers given in this question: you may make them up or simply useappropriate notations. Explain specifically its impact on the following:• Angela’s choice of free time• Angela’s consumption level• Angela’s utility level
- Suppose the following data reflect the production possibilities for providing health care and education: Units per Year Health Care 400 370 330 270 190 100 0 Education 0 20 40 50 60 70 80 (a) Graph the production possibilities curve. (b) If maximum health care is provided, how much education will be provided? (c) What is the opportunity cost of increasing health care from 270 to 330 units? Problem 4 Assume that total output is determined by the formula: Total Output = Number of Workers x Productivity (a) If the workforce is growing by 1 percent a year but productivity doesn’t improve, how fast can output increase? (b) If productivity increases by 3 percent and the number of workers increases by 1 percent a year, how fast will output grow? Problem 5 According to the News Wire “Inequality,” what is the average per capita income in nations where the highest-income decile gets…What is the ans for PURE specific and the ans for MIXED specific. Pls give explanations for the differences between these two models. (p/s this is the 3rd time I'm asking this question bcos your team did not answer my question of Pure AND Mixed but just specific factors model in general) PLEASE HELP ME THANKSSSS In the Pure Specific Factors model with two sectors, Cars (C) and Wheat (W), Capital (K) is specific to C and Land (A) is specific to W. If the government imposes a tariff on the imports of W then... In the Mixed Specific Factors model with two sectors, Cars (C) and Wheat (W), Capital (K) is specific to C and Land (A) is specific to W. If the government imposes a tariff on the imports of W then... A. Both owners of K and owners of A will benefit. B. Owners of A will benefit. C. Owners of K will benefit. D. Neither owners of K nor owners of A will benefit.COVID-19 has disturbed the overall economies of the world. Whether its developed or underdeveloped countries, all are trying to take precautionary measures to save their citizens. The problem is that taking this matter serious is a challenge in underdeveloped nations as due to lack of education, people are not taking care of others by maintaining social distancing. This is the example of ________________. a. Positive theory b. Law of the world c. None of the options d. Normative theory