The United States was one of the leaders in pushing for development of international accounting standards. Yet, despite the fact that so many U.S. corporations have offices worldwide, the United States has been reluctant to forgo GAAP; the text suggests there are still issues that need to be resolved. Are the issues the result of financial or cultural differences between the United States and other countries?

The United States has been called a "Melting Pot". Define the Melting Pot. Is the United States really a "Melting Pot" of Nations? Or is it something else?

Consider the following table on labor hours needed to produce one unit of output for two different goods in two different countries:

a. The opportunity cost of a computer in France is __________.

b. The opportunity cost of a computer in the United States is __________.

c. The opportunity cost of one unit of wine in France is __________.

d. The opportunity cost of one unit of wine in the United States is __________.

e. France possesses comparative advantage in the production of __________.

f. The United States possesses comparative advantage in the production of __________.

Please answer with a minimum of 75 words

Critically evaluate each of the following events using your understanding of the concepts and applications of the demand and supply curves for Automobiles: The ABC News Corporations broadcasts a Breaking-News coverage that the U.S. Government has filed lawsuits against the German Automobile Manufacturer Volkswagen, for its involvement and cover-ups in a “Diesel-Gate Affair” following investigations into the company’s manufacturing practices., The household income level of consumers in the United States drop., The price of cars in the United States rises., The price of cars in the United States falls., Consumers in the United States expect the price of Automobiles to decrease in the future.

According to the long run money market model, if money supply is growing at 4% in the United States and 5% in the United Kingdom, while real GDP is rising at 2% in the United States, and at 1% in the United Kingdom, what will happen to the nominal exchange rate between USD and British pound? What is the rate of expected depreciation?

According to the long run money market model, if money supply is growing at 4% in the

United States and 5% in the United Kingdom, while real GDP is rising at 2% in the United States, and at

1% in the United Kingdom, what will happen to the nominal exchange rate between USD and British

pound? What is the rate of expected depreciation?

Suppose the United States and Mexico both produce hamburgers and tacos. The combinations of the two goods that each country can produce in one day are presented in the table below.

Which country has an absolute advantage in producing​ tacos? 

The United States

Mexico

.Which country has a comparative advantage in producing​ tacos?  

The United States

Mexico

.Suppose the United States is currently producing 160 tons of hamburgers and 48 tons of tacos and Mexico is currently producing 16 tons of hamburgers and 40

tons of tacos. If the United States and Mexico each specialize in producing only one good​ (the good for which each has a comparative​ advantage), then a total of

additional​ ton(s) of hamburgers can be produced for the two countries combined ​(enter a numeric response using an​ integer) and a total of

additional​ ton(s) of tacos can be produced.

question 6

The United States imposes a tariff on foreign limes. How does the tariff affect the U.S. price of a lime and the production of limes in the United States?

(a) Determine the pre-trade relative price of tequila in Mexico and the United States.

(b) Given your answer in part (a), which country has a comparative advantage in the production of rice?

(c) What is the lowest international relative price of tequila Mexico is willing to accept in order to engage in trade with the United States? Explain why.

Now suppose that as a result of international migration policy, the number of laborers in the United States expands to 200 while the number of laborers in Mexico decreases to 3

(d) What is the range of possible terms of trade for the United States? Which end of the range do you think the terms of trade will be closer to?

(e) Which country do you expect gains more from trade? Briefly explain why.

12.) Facebook reports that 70% of their users are from outside of the United States and that 50% of their users log on to Facebook every day. Suppose 20% of their users are United States users log on every day. a) What percentage of Facebook’s users are from the United States? b) What type of probability is the 20% mentioned above? c) Construct a contingency table showing all the joint and marginal probabilities. d) What is the probability that a user is from the United States given that he or she logs on every day? e) Are From the United States and Log on Every Day independent? Explain 33.) In a sample of real estate ads, 64% of homes for sale had garages, 21% have swimming pools, and 17% have both features. What is the probability that a home for sale has: a) A pool, a garage, or both? b) Neither a pool nor a garage? c) A pool but no garage?