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1.Health care expenditures represent an increasingly large portion of the economy. Currently health care expenditures are growing past 20% of GDP. Part of the increase in expenditures relates to the choices patients make about the type of care they receive. For example, C-section deliveries are more expensive than vaginal deliveries, yet C-section deliveries are becoming more common. The Center for Disease Control and Prevention estimate that 32.8% of all deliveries are C-Section. Using a sample of 643 observations from the Health Care Cost and Utilization project, test the hypothesis that the proportion of C-section births is equal to 32.8%. 2.In auditing public companies' financial statements, auditors test internal controls over financial reporting to make sure they are operating effectively. In an audit of Xelom Electronics Company, you are assigned to audit internal controls of the sales and collection cycle. One internal control you are assigned to test is the control that sales over $10,000 have a manager's approval. You examine a sample of 100 sales transactions over $10,000 to see if there is management approval. Your audit team has decided that if the proportion of sales transactions over $10,000 in the sample that does not have management approval is 5% or less, then the control is considered to be operating effectively. Test the hypothesis that the proportion of the sample where the control was not operating effectively was 5% or less. In other words, test that the proportion of transactions over $10,000 that do not have management approval was 5% or less. Use an α = 0.05. Based upon you test, is the control operating effectively? Q.How can I know is this whether right tail, left tail or two tails?
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
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Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
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Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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