French Bread Chocolates developed the following quarterly sales forecasting model:

Sales = 8.50 + 0.150 TIME - 2.70 Q1 + 1.20 Q2 + 3.5 Q3

where TIME is time period. (time is zero in the fourth quarter of 2009, time is 1 in the first quarter of 2010 and 2 in the second quarter of 2010 etc.) and Q1, Q2, and Q3 are quarterly dummy variables.

Forecast French Broad Chocolate's sales for each quarter of 2022.

1. Samirah has been appointed by a research institute to investigate what determined the price of automobiles in Ghana in 2019. She collected data on different variables including the price, mileage, repair record, weight and whether the car is a foreign or domestic one. Using Stata econometric software, she fitted a multiple linear regression and reported the following results to her superiors.

. reg price mpg rep78 foreign weight

      Source |       SS           df       MS      Number of obs   =        69

-------------+----------------------------------   F(4, 64)        =     15.82

       Model |   286761158         4 71690289.6   Prob > F        =    0.0000

    Residual |   290035800        64 4531809.38   R-squared       =    0.4972

-------------+----------------------------------   Adj R-squared   =    0.4657

       Total |   576796959        68 8482308.22   Root MSE        =    2128.8

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       price |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]

-------------+----------------------------------------------------------------

         mpg |   27.32371   77.53757     0.35   0.726    -127.5754    182.2228

       rep78 |   121.1322   334.3828     0.36   0.718    -546.8742    789.1387

     foreign |   3520.324    857.318     4.11   0.000     1807.634    5233.013

      weight |   3.565247   .6582976    5.42   0.000     2.250146    4.880347

       _cons |   -6729.56   3450.835    -1.95   0.056     -13623.4    164.2752

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1. Does mileage have a significant effect on the price of automobile? How do you know?
2. Interpret the coefficient on foreign. Is it statistically different from zero?
3. Do all the regressors have significant impact on the price of automobiles?
4. Interpret the value of the coefficient of determination.
5. Identify the relevant variables in determining the price of automobile.

Assume in a simple example that a change occurs in an economy that produces “Good X” and that there is a decrease in the number of sellers/producers in the economy who make “Good X”. Assume that this is a competitive market, what will happen to the equilibrium price and quantity of “Good X”? Use supply and demand analysis to demonstrate your answer and be sure to provide the rationale behind what is happening and also discuss any interesting observations or outcomes. Finally, please give an example from the news of a current event in real life that relates to the economic change affecting “Good X” above and be sure to explain why it relates.

(Note: The magnitude of any supply and/or demand shifts in this example are not specified; you may want to consider the magnitude of any shifts in your analysis).

A)How does contractionary monetary policy use interest rates and required reserves to achieve its goals of reducing inflation? Answer:

B) The Fed is the most independent federal agency there is, with loyalty first to the American public and the wellbeing of its economy, but just how truly independent is it from the political motives of politicians, especially from those of White House’s? Answer:

b) Inflation in the country of Hypothetica is currently 5%, below the target range of its central bank.

(i).What does this tell you regarding Hypothetica’s likely output gap? Illustrate it using an AS-AD diagram, and briefly explain your diagram (draw)?

(ii) In this situation, what is the central bank likely to do with regard to monetary policy? Briefly explain your answer and state also what is likely to occur to the price level and output at the end of this process (draw and explain your diagram)?

(iii) What happens if the central bank does not intervene? Will the economy eventually return to long-run equilibrium (potential GDP)? Briefly explain your answer and state also what is likely to occur to the price level and output at the end of this process (draw a diagram, it helps you explain your answer)

According to Theodore Moran, when do the greatest spillovers on the local economy occur?

Select one:

a. When the state is responsible for regulating productive decisions

b. When there is an appropriate balance between multinational corporations and the state in productive decision-making

c. None of the choices given (above/below)

d. When the multinational corporation is free to make the productive decisions

e. When the UN is responsible for regulating productive decisions.

The five phases of emergency management are prevention, mitigation, preparedness, response, and recovery. Discuss how network technologies can be applied in each phase.

Are all corporations international? Take a stand on yes they are and defend your position

1. In the United States, the degree of labor market protection has decreased significantly since 1970’s. Explain the effects of this trend on economic growth in the medium-run and long-run perspective. What are the implications for income inequality in the United States?

                                                                      State and Local Government Expenditures

The city of San Alameda provides free health care services for the medically indigent (poor and uninsured). Suppose the city has $2 million to spend on these services and private goods. One unit of health care services (e.g. a physician office visit) costs $110. Thus, the budget equation for San Alameda for these two types of goods is:

$2 Million = $P + $110H,

where H is the units of indigent health care services provided, and P is total expenditure on private goods (P is measured in dollars because we assume each unit of P costs $1).

1. If the San Alameda spends equal amounts on indigent health care services and the private good, how many units of health care services are purchased by the city?

2. Suppose the city of San Alameda receives a 40-percent matching grant from the state for spending on indigent health services. Specifically, the state spends $0.40 on indigent health care services for every $1 spent by the city on these services.

2a) If, after receiving the grant, San Alameda spends $1 million on the private good, how many units of indigent health care services are purchased? (Round to nearest whole number)

2b) Under matching grant, how much of total indigent health care expenditures is paid by the state?

2c) What is the effective price of health care services for the city of San Alameda under the matching grant? (Enter a formula to calculate the effective price.. show work)

3. Suppose, instead of a matching grant, the state provided the city of San Alameda a block grant equal to what the state would have spent with the matching grant (2b. above). Suppose, also, San Alameda uses its budget plus the block grant to spend equal amounts on indigent health care services and the private good.

3a) How many units of indigent health care services are purchased by San Alameda?

4. Using relevant economic concepts, explain why a matching grant generally leads to more consumption of a public good than an unrestricted block grant.

QUESTION 14

1. Table 24-1
   
   The table below pertains to Pieway, an economy in which the typical consumer’s basket consists of 10 bushels of peaches and 15 bushels of pecans.
   

   Year	Price of Peaches	Price of Pecans
   2005	$11 per bushel	$6 per bushel
   2006	$9 per bushel	$10 per bushel

   
   
   Refer to Table 24-1. If 2006 is the base year, then the CPI for 2006 was

   	a.	100.
   	b.	83.3.
   	c.	120.
   	d.	240.

QUESTION 15

1. Table 24-1
   
   The table below pertains to Pieway, an economy in which the typical consumer’s basket consists of 10 bushels of peaches and 15 bushels of pecans.
   

   Year	Price of Peaches	Price of Pecans
   2005	$11 per bushel	$6 per bushel
   2006	$9 per bushel	$10 per bushel

   
   
   Refer to Table 24-1. If 2005 is the base year, then the inflation rate in 2006 was

   	a.	16.7 percent.
   	b.	40 percent.
   	c.	20 percent.
   	d.	44.1 percent.

QUESTION 16

1. Table 24-1
   
   The table below pertains to Pieway, an economy in which the typical consumer’s basket consists of 10 bushels of peaches and 15 bushels of pecans.
   

   Year	Price of Peaches	Price of Pecans
   2005	$11 per bushel	$6 per bushel
   2006	$9 per bushel	$10 per bushel

   
   
   Refer to Table 24-1. If 2006 is the base year, then the inflation rate in 2006 was

   	a.	44.1 percent.
   	b.	16.7 percent.
   	c.	40 percent.
   	d.	20 percent

QUESTION 18

1. The substitution bias in the consumer price index refers to the

   	a.	substitution by consumers toward a smaller number of high-quality goods and away from a larger number of low-quality goods.
   	b.	substitution by consumers toward new goods and away from old goods.
   	c.	substitution by consumers toward goods that have become relatively less expensive and away from goods that have become relatively more expensive.
   	d.	substitution of new prices for old prices in the CPI basket of goods and services from one year to the next.

Discuss some specific ways organizations can develop an innovative, entrepreneurial mindset in teams. What is the cost to an organization of implementing these approaches? How long do you think an organization should wait to see innovative results before abandoning these approaches?