1) Considering that Germany has a huge trade surplus, who has likely gained from having trade as opposed to international trade being banned?

a. Domestic consumers

b. Domestic producers

c. Government

d. Domestic consumers and domestic producers

2) Suppose we have the country of Carrieopolis with the following prices and quantities:

                   P of Laptops   P of Tablets   # of Laptops   # of Tablets

2017 $100               $100 200 200

2018 $120               $120 230 230

2019 $200              $200 350 350

If the base year for prices is 2017, what is the CPI for the year 2018?

a. 60

b. 91

c. 100

d. 120

3) Using the information from the previous problem, what is the annual real GDP growth for 2019?

a. 10%

b. 30.4%

c. 52.2%

d. 75%

1. Cindy has $70 a month to spend on sport activities, and she can spend as much time as she likes playing golf and tennis. The price of an hour of golf is $20, and the price of an hour of tennis is $10. The table shows Cindy’s marginal utility from each sport.

1. If Cindy spends all her money playing golf, how many hours of golf can she afford? What will be her total utility?
2. If Cindy spends all her money playing tennis, how many hours of tennis can she afford? What will be her total utility?
3. What are the marginal utilities per dollar from playing golf and tennis for the various hours per month played?
4. How many hours of golf and tennis should Cindy play to maximize her utility given her budget?
5. Explain why, if Cindy equalized the marginal utility per hour of golf and tennis, she would not maximize her utility?
6. Cindy’s tennis club raises its price of an hour of tennis from $10 to $15, other things remaining the same, how many hours does Cindy now spend playing golf and tennis that maximizes her utility? Are there any left over money?
7. Cindy loses her math tutoring job and the amount she has to spend on golf and tennis falls from $70 to $40 a month. With the price of an hour of golf at $20 and of tennis at $10, calculate the change in the hours she spends playing golf. For Cindy, is golf and tennis a normal good or an inferior good?

Toll lanes on a section of the​ I-40 freeway are being considered in order to reduce traffic congestion and travel times. Since this is a government​ project, the​ B-C ratio method must be applied in the evaluation. The following are cost and other​ estimates:

Construction costs​ = ​$17,300,000

Operating and maintenance costs​ = ​$532,000 per year

Projected service life​ = 30 years

Savings in travel times and revenues generated from the tolls​ = ​$5,244,000 in the first year of operation and projected to increase by 2.75​% per year due to the projected annual increase in traffic. In​ addition, environmental analysis estimates that the project will result in increased noise and air pollution that will cause an additional societal health cost of ​$644,000 the first year and is also projected to increase at 2.75​% per year.

Assuming zero market​ (salvage) value at the end of 30 years and a MARR of 10​%per​ year, should the toll lanes be​constructed?

The conventional​ benefit-cost ratio of the project with PW is______​(Round to two decimal​ places.)

According to the​ B-C ratio​ method, the toll lanes should

A.not be constructed

B. be constructed

1. You are asked to price options on KYC stock. KYC’s stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. KYC does not pay dividend. The risk free rate is 5% (EAR), and the current stock price of KYC is $100.

1. Price a European put option on KYC with maturity of 2 years and a strike price of 100.
2. Given the price of the put option that you calculated in a), specify the ranges of KYC share price at the option’s maturity date for which you will be making a net profit.
3. What is the price of the Call option at the same strike price?
4. Suppose you expect the price of KYC stock to have little variance in the future. How would you design a strategy (using options) to take advantage of this? Show your strategy explicitly. What are the payoffs of your strategy? What is the range in which you will make profits?

The operations manager at an electronics company believes that the time required for workers to build a circuit board is not necessarily proportional to the number of parts that go onto the board. She has collected data on the time (in minutes) it takes a worker to build a board and the number of parts installed. The data is in a worksheet names Circuits.   Data-1.xlsx

1. Estimate a regression line to predict time based on the number of parts.  What is the Coefficient of Determination of the simple regression? (enter as a decimal)

3. What is the standard error of the estimate of the simple regression?

4. What is the predicted time to build a circuit board with 50 parts?

5. Estimate a quadratic regression line to predict time based on the number of parts and the number of parts squared. What is the Coefficient of Determination of the quadratic model? (enter as a decimal)

6.What is the standard error of the estimate of the quadratic model?

7.

Which model is better, the simple regression or the quadratic?

Group of answer choices

a.Simple because the MSR is larger.

b. Simple because the t-statistic of Parts is much higher.

c.Quadratic because standard error is lower and adj-R² is higher.

d. Quadratic because it has two variables instead of one.

Evaluate the following statement: In the short run, information about a perfectly competitive firm’s fixed costs is needed to determine both the profit-maximizing level of output and the amount of profit earned when producing that level of output. Provide an example of companies that illustrate the discussion. I specifically need the example

How would you evaluate the cost and benefit of college education in economic terms? What explains the rising demand for college education? Under the current unique circumstance of COVID-19, what do you see or expect to see the change in the demand for college education?

Define Social Entrepreneurship/Social Enterprise - List Several in the Seattle Area and discuss their impact.

How artists people love their job more than anything else? explain with example

In times of global changes in climate and economy the point of view to waste as a resource shows a lot of ways of recovery. Point out the difference between recovering and recycling and discuss economic facts and efforts, social impacts as well as environmental issues and development in law and security. Discuss two examples for the relationship between recovering and recycling of plastic products and explain your achievements.

What does the slope of the yield curve tell us? Suppose that economy is in recession and monetary authority decreases policy rate (interest rate) to return output to its potential level. Illustrate using relevant graphs when the yield curve is i) approximately horizontal ii) downward sloping (Hint: Use expectations augmented I S - LM model) .

Assignment Task Three

a) A taxpayer received a lump sum of $91,333 on redemption of a fixed deposit. This represented the original principal of $80,000 and interest for the previous year of $3,000. This interest was rolled over with the principal and invested for another 12 months. The remaining $8,333 was the interest accrued on this total of $83,000.

b) A taxpayer lent a friend $10,000. Interest was payable at 10% p.a. The friend paid the taxpayer $1,000 by cheque on 30 June CY which was not deposited in the taxpayer's bank account until 15 July of the following financial year.

c) Taxpayer's employer had a cash flow problem in the previous financial year and could not pay her all her salary. $9,000 of last year's salary was paid in the current year in addition to this year's salary of $55,000.

d) An employee received the sum of $1,600 on 13 June CY being in respect of 5-week long service leave commencing 30 June CY. The employee intended to return to work at the end of the period of leave. Would your answer be different if the leave commenced on 1 July the following year?

e) A landlord receives rent in advance from his tenants. Actual receipts for this financial year were $3,800 of which $250 was in respect of the month of July of the following year. An amount of $200 was received during the previous year in respect of the month of July CY.

----Required Indicate if assessable income has been derived and when it was derived in the above situations.

Define Marshall-Lerner condition and J-curve. Explain the relation between the two concepts.