Suppose a pandemic virus strikes and public health experts recommend everyone voluntarily stays at home until the spread of the virus subsides. For this analysis, assume the players are You and Everyone Else and each of you has the choice between staying at home or going out. If everyone goes out (regardless of what you do), then the pandemic will last longer and everyone receives a payoff of -3. Going out is worth a payoff of 2 (e.g if everyone goes out, then the payoff would be -3+2=-1 for every person that went out).

a. Draw a normal form representation of this game.

b. Do you have a dominant strategy?

c. What is the Nash equilibrium?

d. What does this suggest about public policy and voluntary stay-at-home orders?

The global economy is under significant stress to include U.S. state and local governments given expectation of lower income taxes and lesser fees and tolls.

a) How should expectations of financial stress impact the yield of municipal debt given actions by investors to include individuals and mutual funds?

b) whether the supply or demand curve within a loanable funds framework (% and $) should change and in what direction. Should state/local governments expect to pay more or less to borrow?

You recently returned from a trip to Berlin, Germany. You were there from April 1st to April 4th for a conference on World Tolerance. Before you left Abu Dhabi, on March 30th at 3:30pm, you called your bank, ADCB, and informed the bank that you were traveling and to ensure your credit card would not be blocked in Germany. The bank thanked you for the call, said the card would not be blocked and wished you a pleasant trip.

Story About Your Trip in Berlin

When you arrived in Berlin at 9am on April 1st, you got a taxi at the airport and took the taxi to the hotel. You paid 30euros for the trip with your credit card.  Then you checked into the hotel at noon without problems because you booked and paid for the hotel online before your trip. At 1pm, you decided to go for a walk around Berlin before the conference started the next day.  You saw a cute little tea-shop and decided to buy packages of tea for your family and friends. You took your packages to the counter and tried to pay.  You were horrified to find out your credit card would not work.  You have enough credit on your card and there shouldn’t be anything wrong.  You are so embarrassed because you can’t pay for the tea and everyone in line is looking at you. On top of that, you now have 3 more days in Berlin and you can’t access money because your card is blocked.  

You run back to the hotel and call the bank. They confirm your card is blocked because you are in Germany. You explain that you called before your trip to make sure this would not happen. The bank said, “We are sorry for the inconvenience.  There is nothing they can do at the time”. The bank said it would take 3-5 business days to fix the mistake, but that is too long.  You are stuck in Berlin without any money.

This means you have to take food from the hotel breakfast buffet and hide it in your room for dinner. You need to eat the snacks provided by the conference for your lunch.  You must refuse invitations to lunch because you know you can’t pay. Also, you must ask someone at the conference for 10euros to take the subway back to the airport.  You are absolutely humiliated.  You couldn’t do anything in Berlin because you couldn’t access your credit card.  

You are so angry at the bank! Your trip was ruined.  The only thing you could do in Berlin is to attend the conference and walk around the city and look at the stuff you couldn’t buy. You get home and decide to write a business letter to the customer service manager, Anke Kuse, at ADCB.  The bank is in Abu Dhabi at the Airport Road Branch. The PO Box is 55567. You want the bank to refund your flight to Berlin and provide 5000aed in damages because their mistake ruined your trip. The total is 12400aed.  

This is your Abu Dhabi mailing address. You live in AlBateen in Villa #27 on 17th Street.

(150 words-300)

What is the link between institution and development? Explain practical evidences (considering any case studies you are familiar) that show the direct link between these two?

You read in the results section of an article in a psychology journal that the results of at-test for independent sample means revealed a significant t12 = 1.8, with σˆX1−X2 = 2. If there were 8 participants in the experimental group,

(a) how many participants were in the corresponding control group?

(b) what significance level was used, and was the test a one-tailed or a two-tailed test?

(c) what was the mean difference between the experimental and the control groups?

Conflicting Monetary and Fiscal Policies

We have yet to fully define the makeup and design of the Federal Reserve system, but during our discussions of the problems relating to fiscal policy the fact it sometimes conflicts/coincides with monetary policy was mentioned. I would like each of you to research the history of any/all such instances of when these policies either conflicted or coincided with one another and write a one-page summary of one occurrence. Be sure to include examples of the real-world effects this situation created on our economy.

(150 words-300)

What is the link between institution and development? Explain practical evidences (considering any case studies you are familiar) that show the direct link between these two?

(150-300 words)

Of the factor that influences globalization, liberalization of trade is more of a recommendation to the south not only to control their market but also to dictate their political strategy. Why and explain

Q1. Decorative Doors is a company that manufactures large quantities of wooden doors. Currently, they manufacture door knobs to be sold with their doors. A specialized door knob manufacturer has offered to sell them door knobs for a cost of $10 per knob. Their current relevant manufacturing costs for a batch 1,200 door knobs are as follows: Direct Materials: $5,000 , Direct Labour: $4,000 , Factory Overhead: $2,000 .

A)What is the per door knob cost of manufacturing? (round to the nearest cent, no dollar sign)

B)Should Decorative Doors make or buy door knobs?
a.make
b.buy

Q2. Casualwear Co. manufactures mens shirts. They currently produce their own buttons to be used on their shirts. Buttons R Us offers to sell them buttons for $1.75 per button. Casualwear's total manufacturing costs for a batch of 1,500 buttons is as follows: Direct Materials: $900 , Direct Labour: $750 , Factory Overhead: $400. If Casualwear was to buy their buttons, they could either use their plant for other manufacturing, and increase their profit by $3,000, or they could rent it out for $2,500.

A)What is total cost of manufacturing a batch of buttons? (round to nearest dollar, no dollar sign)

B)Which option should Casualwear choose?
a.make buttons
b.buy buttons and leave facility idle
c.buy buttons and increase production
d.buy buttons and rent out facility space

Q3. Songo Inc. manufactures MP3 players. After a slow sales year, they are left with 500 outdated MP3 players. The original production cost of the players was $5,000. Songo has the choice of updating these players for a cost of $2,000 and then selling them for $7,500, or scrapping them for proceeds of $3,500.

A)What would be the net result of reworking the MP3 players? (round to nearest dollar, no dollar sign)

B)What should Songo do with the outdated MP3 players?
a.rework
b.scrap

The importance of inflation resides ultimately in its overall effects on the standard of living of a people. Discuss

Please refer to the case Negotiating with Chinese Business Partners: what are you going to give us by Stephen Grainger. And answer the following question.

What should the EDC directors do now? Provide support for your response.

You have been asked to assess the industry position of Facebook Social Media using Porter’s Five Forces and, based on your assessment, offer 3 ways, by which globalization can reduce Facebook’s single-handed influence on social media and using it to shape public opinion.