1. Imagine a scenario where not only has the Australian government managed to pull Australia out of recession but has actually managed to get the economy moving so well that current output (real GDP) is above potential GDP.

i. What type of fiscal policy has the government used to try and get Australia to potential GDP? Draw an AD-AS diagram to illustrate this situation (including the initial situation). Explain the figure in some detail. By this, we mean do not just explain the changes in the diagram, but also state what components of the AD and AS curves are changings (if any), and in which direction.  

ii. Can the existence of a fiscal multiplier help the government in terms of its commitments to reach potential GDP level of output? Provide a brief example.

If the initial cash in the US economy is $1 Trillion, individuals tend to keep onesixth
of their income as cash and deposit the rest, and banks can lend 90 percent
of the deposit and reserve the remaining, then:
a) What is the total money supply (M1) in this economy? (5 points)

b) If the Federal Reserve wants to expand the money supply by five percent (because
of the current crisis), what types of policies can she use, and how? Explain and
support your claim using computation if it is required. (10 points)

c) Let’s say, after implementing these policies, the economy only increased by two
percent, explain why this happened. (5 points)

d) Now the government wants to stimulate the economy by ten more percent after
the failure of the previous attempt by the Fed (the size of the economy is $20
trillion, and it is predicted that it will be contracted by at least $2 trillion by the
end of this year), what can she do? Explain the possible policies that the Gov can
implement in detail, and use computation if necessary. (10 points)

What kind of enterprise or study is ethics? Is it about facts or values? List a few of the facts and values about some crucial current public issue. For example, state the values or facts supporting what you think should be done about crises such as global climate change or controversies such as those over policing in minority neighborhoods. Explain how facts or values, or both, in specific ways, apply.

Is your host country business a first or second mover? Explain the advantages and disadvantages you face.

Host country: Seattle USA.  Home country: Japan

• What is meant by a first mover and a second mover?
• Which of these is your host country business?
• Describe in detail, 3 advantages of this position to your host country business

Explain the significance of IRCA. Can an employer discriminate against someone on the basis of the person lacking U.S. Citizenship? Explain your position as Hr associate in Amazon. How you dealt with it. Explain in detail.   

1. Steroid medications can usually be applied to the skin, whereas most other medications must be swallowed or injected. Using what you know about hydrophilic and hydrophobic ligands, explain why there is this difference. In your answer, make sure you describe in detail the pathway that a steroid and non-steroid medication would take to elicit their response.

2. You are interested in studying a new membrane receptor that you have identified, and think that it might be a receptor tyrosine kinase or G-protein coupled receptor. Describe the different transduction pathways downstream of these receptors, and identify three transduction components that could be used to distinguish between the two pathways.

The year is 1947 and the U.S. Senate and House of Representatives are considering legislation to deal with an unsettled labor–management situation affecting the U.S. economy. Since the end of World War II, organized labor and employers have experienced a host of problems. Strikes in the oil, automobile, steel, and coal industries have occurred, causing President Harry Truman to call a national labor–management conference to find a formula for industrial peace. Still, this unsettled labor–management situation greatly strengthened opposition to the Wagner Act Congress passed in 1935.

Since the passage of the Wagner Act, labor unions had insisted on the legality of the closed shop (which demanded that workers be members of a labor union before obtaining a job). Senator Robert Taft of Ohio and Congressman Fred Hartley of New Jersey argued that the equity between organized labor and management intended by the Wagner Act was out of balance. Together they proposed the Labor Management Relations Act to counter what was perceived as the growing power of labor unions. Organized labor vigorously opposed the legislation and President Truman promised to veto the bill. However, on June 23, 1947, after overriding a presidential veto, the Taft-Hartley Act became law.

The concept of reaching a balance between labor and management led to provisions in the bill that dealt with “unfair labor practices” that applied to unions and management. Practices such as refusing to bargain in good faith, engaging in secondary boycotts, stopping work over jurisdictional or interunion disputes, and charging excessive initiation fees to keep members out of a union were considered unfair labor practices. Special rules that allowed the president to call for a “cooling-off” period or waiting period were also written into the law for handling controversies or strikes that could threaten national health or safety. The Taft-Hartley Act also made the closed shop illegal.

Organized labor denounced the entire Taft-Hartley Act as a “slave labor” law. However, unions were particularly troubled with Section 14(b) of the legislation. Section 14(b) enabled states to pass right-to-work laws that would permit limitations on union shop and union security agreements. Labor “affectionately” called the provision “right-to-wreck” laws and promised to fight such legislation in states where it was proposed. To date, 22 states have passed legislation authorizing the open shop agreement in the workplace. Oklahoma was the last state to pass right-to-work legislation in 2001.

A major question that’s been debated since passage of the Taft-Hartley Act is, “Does passage of right-to-work laws make a difference in a state’s economy?” Former Governor Frank Keating of Oklahoma, who supported the right-to-work legislation in his state, says Oklahoma experienced “a blizzard of interest after passage of the right-to-work law.” A study by the Mackinac Center for Public Policy in Michigan states, “right-to-work laws increase labor productivity by requiring labor unions to earn the support of each worker since workers are able to decide for themselves whether or not to pay dues.” Dennis Donovan, a corporate-location consultant in Edison, New Jersey, says that among manufacturers choosing facilities among numerous states, having a right-to-work law is a precondition for about one-third of the companies. Labor unions take an opposite view and claim that workers in right-to-work states earn on average less than union employees and work under less worker-friendly conditions. Unions claim the real purpose of right-to-work laws is to roll back the achievements earned by organized labor. This issue promises to still be strongly debated in this century.

1. If given a choice, would you elect to join a labor union or not join? What are the reasons for your decision?
2. What are today’s protections under the law available to workers?
3. Do you believe that unions have outlived their usefulness? Explain your answer.
4. Oklahoma is a “right-to-work state”. Explain what that means.
5. What is a “right-to-work state”?
6. How do you feel about economic development and growth in Oklahoma or your state?
7. If Oklahoma or your state were not a right-to-work state, would you support a right-to-work law if it were put to a popular vote? Why or why not?

Chapter 3 – Numerically Summarizing Data

1. Section 3.1 Measures of Central Tendency

pH in Water:

The acidity of alkalinity of a solution is measured using pH. A pH less than 7 is acidic; a pH greater than 7 is alkaline. The following data represent the pH in samples of bottled water and tap water.

1. Determine the mean, median and mode pH for each type of water.
2. Comment on the differences between the two water types.
3. Suppose the pH of 7.10 in tap water was incorrectly recorded as 1.70. How does this affect the mean? The median?
4. What property of the median does this illustrate?

2. Section 3.2 Measures of Dispersion

pH in Water:

Use the same pH data table in the above question to answer the following.

1. Which type of water has more dispersion in pH using the range as the measure of dispersion?
2. Which type of water has more dispersion in pH using the standard deviation as the measure of dispersion?

3. Section 3.2 Measures of Dispersion

The Empirical Rule:

SAT Math scores have a bell-shaped distribution with a mean of 515 and a standard deviation of 114.

1. What percentage of SAT scores is between 401 and 629?
2. What percentage of SAT scores is less than 401 or greater than 629?

4. Section 3.4 Measures of Position and Outliers

You Explain it – Percentiles & Quartiles:

1. The 5^thpercentile of the weight of males 36 months of age is 12.0 kg.
2. The 95^thpercentile of the length of newborn females is 53.8 cm.

One variable that is measured by online homework systems is the amount of time a student spends on homework for each section of the text. The following is a summary of the number of minutes a student spends for each section of the text for the fall 2014 semester in a college statistics class at UHWO.

Q1 = 42         Q2 = 51.5         Q3 = 72.5

3. Provide an interpretation of these results.
4. Determine and interpret the interquartile range.
5. Suppose a student spends 2 hours doing homework for a section. Is this an outlier?
6. Do you believe that the distribution of time spend doing homework is skewed or symmetric? Explain your answer.

5. Section 3.5 The Five Number Summary & Boxplots

Got a Headache?

The following data represent the weight in grams of a random sample of 25 Tylenol tablets.

1. Construct a boxplot.
2. Use the boxplot and quartiles to describe the shape of the distribution.

explain in detail with diagrams what is corona effect and explain it's dis advantages briefly