What does the US trade deficit since 1970 tell you about jobs gained and lost as trade, as a percentage of GDP, has increased? Who were the winners and who were the losers? How do you think this issue affected the 2016 election if so?

1. Determining Inheritance using Punnett Squares

The condition of sickle cell anemia is recessive and only the homozygous recessive individuals are adversely affected. Interestingly, heterozygous individuals have increased resistance to Malaria which is caused by a Plasmodium parasite that infects red blood cells. A heterozygous individual has red blood cells that are minimally affected but are altered enough so that Plasmodium cannot infect the cells. This is one reason why this allele persists in the population – in the heterozygous state it gives the individual an advantage for survival in some environments.

Veronica, who has the sickle cell condition, and Mason who does not have the condition have a child. They are worried about the having a child with sickle cell anemia and malaria because they are moving to a part of Africa where the Plasmodium is common. Who in this family should be worried about sickle cell anemia and contracting malaria?

1. Suppose Kifwong is a small economy with only five people and two income tax rates. The first $4,000 earned each month are taxed 30%. Anything earned over $4,000 each month is taxed 45%. Anyone who is not working receives unemployment benefits of $2,500, paid for by the government. The table below shows the income for the five people at two different time periods. (5 pts.)

1. Calculate the total tax revenue during the first period

2. Calculate the total tax revenue when the economy during the second period

3. Excluding Billy’s income, what is the percent change between total income in the first period and total income in the second period?

4. Briefly explain how the taxes act as an automatic stabilizer as the income increases from the first period to the second perio

5. Briefly explain how the fact that Billy earned a job in the second period acts as an automatic stabilizer.

1. Suppose Kifwong is a small economy with only five people and two income tax rates. The first $4,000 earned each month are taxed 30%. Anything earned over $4,000 each month is taxed 45%. Anyone who is not working receives unemployment benefits of $2,500, paid for by the government. The table below shows the income for the five people at two different time periods. (5 pts.)

1. Calculate the total tax revenue during the first period

2. Calculate the total tax revenue when the economy during the second period

3. Excluding Billy’s income, what is the percent change between total income in the first period and total income in the second period?

4. Briefly explain how the taxes act as an automatic stabilizer as the income increases from the first period to the second perio

5. Briefly explain how the fact that Billy earned a job in the second period acts as an automatic stabilizer.

You are Susan Dean, a 35 year old woman who has always been interested in owning your own business. You graduated from Gorham HS, attended SMCC, eventually transferring to USM where you earned a bachelor’s degree in Business with a major in Marketing. Eventually you went to graduate school and earned a Master’s of Business Administration (MBA). For the last 10 years you have worked as a marketing specialist/management specialist with Yum! Brands, Inc. where you helped management open several Taco Bells and Pizza Huts in southern Maine. In addition, you evaluated several underperforming stores that had to be closed. After contacting several major corporations you find that McDonalds is the only major brand looking to open another store in the town of Gorham near the USM campus. There is a Burger King in the area. You in fact actually worked at McDonalds when you were a youngster. You have decided that you would like to open a McDonald’s franchise in this area near USM. Your grandparents have left you with a significant amount of money for which you are grateful. You would like to use this towards your new business adventure. But you will need to finance the remaining balance. You apply for a business loan to a local bank. The bank requires you to submit a detailed business plan. This business plan will include projections for operating costs, revenue stream, profits, human resource needs, your business strategy, etc. There are multiple topics that have to be analyzed and for which projections have to be made. Because of this you will have to conduct a survey(s) in the Gorham region to assess multiple demographic, supply/demand issues, and other topics.

Discussion Question/Directions:

You are Susan Dean. You need to discuss issues for which you think a statistical study would be helpful (in obtaining the information needed for your business plan). his could be demographic information, assessing the desire for a McDonald’s in the region, traffic studies, household make up, what the projected demand would be, etc. There are hundreds of topics to zero in on. What topics do you think are important to know before you invest your money into such an important undertaking? What type of statistical study should be done? What types of data will you need to collect? How will you collect your data? How much do you think it will cost to gather your information?

Exercise 9-14 Computing and interpreting times interest earned LO A1

Use the following information from separate companies a through f:

Jamie has been accepted to a university in a city far from her home. She will need to rent an apartment and has two choices. The first choice , cost $1,000 per month, and is within walking distance of the university. The second apartment costs $925 per month, but Jamie will have to buy a bus pass in order to get to the university. The pass costs $100 per month. Jamie has been hired to work part time at a job that is a bus ride away from both apartments.

Identify which costs are relevant in the incremental analysis. What other factors should be considered?

6    The costs of a market activity paid for by an individual NOT engaged in the market activity are ________ costs.

7.    An external cost is best defined as the cost of an activity paid for by

4.    The personal decisions of consumers and firms are based on ________ cost(s).

8. The cost of an activity paid for by the individual and the third party is defined as a(n) ________ cost.