Why did America negotiate the Gadsden Purchase with Mexico?

Select one:

a. The United States could exploit rich iron deposits in northern Mexico.

b. The United States could acquire more slave-owning territory.

c. The Mexican government could obtain more hard currency.

d. The United States cold acquire the most advantageous southern route for a railroad to California.

A tariff is added United States soybeans by the Chinese Government. What happens to the price and quantity of United States soybeans in China? Use all the steps of the Hill method.Draw the before and after tables of comparative advantage.

The price of Soybeans is held below equilibrium in the United States. What happens to the price and quantity of soybeans?  Use the Hill method. Draw the before and after tables of comparative advantage.

The average price for a gallon of gasoline in the United States is 3.75 and in Russia it is 3.37. Assume these averages are the population means in the two countries and that the probability distributions are normally distributed with a standard deviation of .25 in the United States and a standard deviation of .20 in Russia. a. What is the probability that a randomly selected gas station in the United States charges less than ________ per gallon (to 4 decimals)? b. What percentage of the gas stations in Russia charge less than _____ per gallon (to 2 decimals)? c. What is the probability that a randomly selected gas station in Russia charged more than the mean price in the United States (to 4 decimals).

Historically the United States has always enjoyed being the world's largest producer of goods and services. However, it appears that all of that will change shortly. According to The Independent, in an article dated February 1, 2007, by the 2030s China's GDP will become larger than the United States' GDP based on their current growth rate and by the 2040s India's GDP will also become larger than the United States' GDP as well. This means that the United States will only be the third largest economy in the world (China will be first and India will be second). How do you feel about that? How might that impact the U.S. economy? What kinds of political impacts will it have?

A car can be produced by 20 workers in the United States, and by 10 workers in Germany. 1,000 chickens can be produced by 25 workers in the United States, and by 20 workers in Germany.

a) Using charts, show how a shift of workers toward one of the two industries in the United States, coupled with a shift of workers toward the other in Germany, could result in increased total production of both goods in the two countries.

(d) Suppose that when trade opens, the international price ratio settles at the former German price ratio. Using diagrams, show what happens to production, consumption, exports, and imports (i) in the United States and (ii) in Germany.

The average price for a gallon of gasoline in the United States is $3.74 and in Russia it is $3.4. Assume these averages are the population means in the two countries and that the probability distributions are normally distributed with a standard deviation of $0.25 in the United States and a standard deviation of $0.20 in Russia.

a. What is the probability that a randomly selected gas station in the United States charges less than $3.65 per gallon (to 4 decimals)?

b. What percentage of the gas stations in Russia charge less than $3.65 per gallon (to 2 decimals)?

c. What is the probability that a randomly selected gas station in Russia charged more than the mean price in the United States (to 4 decimals)?

1) In a recent poll, the Gallup organization found that 45% of adult Americans believe that the overall state of moral values in the United States is poor. Suppose a survey of a random sample of 25 adult Americans is conducted in which they are asked to disclose their feelings on the overall state of moral values in the United States. Answer the questions below, showing work. Bare answers are not acceptable. (Showing work means writing the calculator command you used with correct input values in the correct order.)

a) Explain why this is a binomial experiment.

b) Find and interpret the probability that exactly 15 of those surveyed felt the overall state of moral values in the United States is poor.

c) Find and interpret the probability that no more than 10 of those surveyed felt the overall state of moral values in the United States is poor.

d) Find and interpret the probability that more than 16 of those surveyed felt the overall state of moral values in the United States is poor.

e) Find and interpret the probability that 13 or 14 of those surveyed felt the overall state of moral values in the United States is poor.

f) Would it be unusual to find 20 or more adult Americans who believe the overall state of moral values in the United States is poor? Why or why not?

g) Now based on a random sample of 500 adult Americans, compute the mean and standard deviation of the random variable X, the number of adults who believe the overall state of moral values in the United States is poor. Interpret the mean.

h) Would it be unusual to identify 240 adult Americans who believe the overall state of moral values in the United States is poor, based on a random sample of 500 adult Americans? Why? Now using the Normal Approximation to the Binomial, approximate the probability that:

i) Exactly 250 of those surveyed feel the overall state of moral values in the United States is poor.

j) Between 220 and 250, inclusive, of those surveyed feel the overall state of moral values in the United States is poor.

k) At least 260 adult Americans who believe the overall state of moral values in the United States is poor, based on a random sample of 500 adult Americans. Would this be unusual? Why?

2 ) According to www.meretrix.com traffic fatalities occur at a rate of 1.32 fatal accidents per 100 million miles. Find the probability that, during the next 100 million miles, there will be

a) exactly zero accidents. Interpret the results.

b) at least one fatal accident. Interpret the results.

C) more than one fatal accident. Interpret the results.

5. In the rest of the world, the tax on gasoline is considerably higher than in the United States, and gas consumption is considerably lower. Why doesn't the United States increase the gas tax?

Both the United States and India produce two goods: tractors and rice. The IJnited States can produce either 8 tractors or 16 pounds of rice. India can produce either 4 tractors or 20 pounds of rice. Rice Country (pounds) Tractors Now suppose that both countries open up to trade, and the United States and India completely specialize in the production of the good for which each has a comparative advantage. Select... should produce rice. should produce tractors, and Select... United States India 16 20 8 4 Suppose that the United States and India decide to trade 1 tractor for 3 pounds of rice (IT = 3R) and that India needs 3 tractors. India's gains from trade are pound(s) of rice. The United States gains from trade are pound(s) of rice. tractor(s) and tractor(s) and (Do NOT press Enter after typing the answer in each cell. Use Tab or take the cursor to the next cell.)