Questions
1) Consider two countries, M and N. The value of export of country M is 400...

1) Consider two countries, M and N. The value of export of country M is 400 billion US dollar and its GDP is 800 billion US dollar. The value of export of country N is 300 billion US dollar, and its GDP is 900 billion US dollar. Which country has more openness to international trade?
a) Country N
b) Country M
c) It is not possible to know this
d) The two countries are equally open

2) What is the effect of an import tariff imposed by a government on a traded good?
a) Government tariff revenue
b) Change in producer benefits
c) Change in consumer benefits
d) All of the above

3) Suppose that a country imports a product which is also produced by its domestic producers. If tariff is imposed on the import product, what are the effects on domestic producers?
a) It is difficult to know the effect
b) Producer surplus or producer benefits will increase
c) Producer surplus or producer benefits will decrease
d) Domestic producers will get higher price for their product
e) b and d

4) Suppose that company K in the UAE imports 5,000 tonnes of banana from Indonesia for 400 US dollar per tonne. If company K pays an ad-valorem tariff of 10% on the banana imports, how much is the total tariff revenue collected by the UAE government?
a) 500 US dollar
b) 2,000,000 Dirhams
c) 200,000 US dollar
d) 40 US dollar

5) In 2018 UAE imported 200,000 metric tonnes of milk from other countries. The international import price of milk was 1000 US dollars per metric tonne. Domestic consumption of milk in UAE was 250,000 metric tonnes out of which 50,000 metric tonnes was produced in the country. Suppose that the UAE government imposes a 5% tariff on imported milk. The tariff has the following effects: local production increases by 10%; domestic consumption reduces by 10%. After the tariff, how much is the change in domestic consumers’ benefit, the domestic producers’ surplus, the government tax revenue, and deadweight costs, respectively? (use the graph).
a) 2.5 million, 2.65 million, 0.625 million and 0.125 million (in US$)
b) 0.125 million, 0.625 million, 2.5 million and 8.5 million (in US$)
c) -11.875 million, 2.625 million, 8.5 million, and -750,000 (in US$)
d) - 11.875 million, 2.5 million, -0.75 million, and 8.5 million (in US$)
e) 11.875 million, 2.625 million, - 8.5 million, 750,000 (US$)

In: Economics

The U.S. a.income taxes U.S.corporate income earned abroad as though the income was earned in the...

The U.S.

a.income taxes U.S.corporate income earned abroad as though the income was earned in the U.S., ignoring foreign income tax paid.

b.tries to limit double taxation on U.S. corporate income earned abroad.

c.allows a deduction, not a credit, to U.S. corporations for tax paid to foreign countries.

d.taxes U.S. corporate income earned abroad at rates lower than the host country.

In: Accounting

A survey of US women with Ph.D.'s was conducted. Of the 102 respondents in marriages or...

A survey of US women with Ph.D.'s was conducted. Of the 102 respondents in marriages or long-term partnerships with men, 57% reported that their spouse/partner also held a doctorate degree.

Construct a theoretical 90% confidence interval. The interval is:

Select one:

a. (49.0%, 64.7%)

b. (48.9%, 65.1%)

c. (47.1%, 66.7%)

d. (47.4%, 66.6%)

e. (44.4%, 69.6%)

Based on the interval in the previous question, what group(s) can we make a conclusion about?

Select one:

a. All US women

b. All US women with Ph.D.'s

c. All US women with Ph.D.'s who are married

d. All US women with Ph.D.'s who are married or in long-term partnerships

e. All of the above

f. None of the above

The sociologists reporting on this study stated that: "There is strong evidence (p<0.001) that women in opposite-sex partnerships are more likely than women in same-sex partnerships to have a partner with the equivalent level of education." What type of error might the sociologists have committed?

Select one:

a. Type I

b. Type II

c. Neither error is possible

d. Both errors are possible

In: Statistics and Probability

TodoTec, a US-based financial technologies (fintech) company is considering signing a three-year consulting contract with PagoLoco,...

TodoTec, a US-based financial technologies (fintech) company is considering signing a three-year consulting contract with PagoLoco, a new company developing an epayments system in Jefalonia. This is a small South American country, historically controlled by a group of prominent families. However, the majority of the population is in the lower economic class.

The contract, payable in U.S. Dollars, calls for TodoTec to provide consulting services and license their technology for the development of the new national epayments system. The government of Jefalonia agreed to issue bonds denominated in US Dollars to build a new data management center to house the project. The local currency, the Piscocrudo, has been stable against the US Dollar for the last two years.

However, politics in Jefalonia are currently unsettled. The leading candidate for the July 2018 presidential election is Amlotonia Notrumpla from the Populist Party. If elected, she has promised to make “big changes” to government programs and economic policy. Prepare a  memo for TodoTec management to discuss risk factors from a new populist government. What steps might TodoTec take to reduce potential risks?

In: Operations Management

Workers’ compensation represents a compromise between the needs of employees and the needs of employers. True...

Workers’ compensation represents a compromise between the needs of employees and the needs of employers.

True
False

Question 2 (2 points)

Contributory negligence means that an employee knew that the job involved risk; he or she could not expect to be compensated when the risks resulted in accidents and injuries.

True
False

Question 3 (2 points)

There are three types of workers’ compensation insurance: state funds, private insurance, and self-insurance.

True
False

Question 4 (2 points)

Temporary disability:

Is the state that exists when it is probable that an injured worker, who is currently unable to work, will be able to resume gainful employment with no or partial disability

Exists when an injured employee's disability is such that he or she cannot compete in the job market

Exists when an injury is minor

None of these

Question 5 (2 points)

Which of the following is the whole-person theory of handling permanent partial disability cases?

Requires a determination of how much the employee could have earned had the injury not occurred.

Applied like a subtraction problem. What the worker can do after recuperating from the injury is determined and subtracted from what he or she could do before the accident.

Based not just on what the employee earned at the time of the accident, but also on what he or she might have earned in the future.

None of the above

In: Civil Engineering

You would like to study the height of students at your university. Suppose the average for...

You would like to study the height of students at your university. Suppose the average for all university students is 68 inches with a SD of 20 inches, and that you take a sample of 17 students from your university.

a) What is the probability that the sample has a mean of 64 or more inches? probability = .204793 (is this answer correct or no? and I need help with part b too.)

b) What is the probability that the sample has a mean between 63 and 68 inches?

In: Math

asses US economy from 2000-2020

asses US economy from 2000-2020

In: Economics

Part 1 Lynbrook, Inc. has decided to begin processing monthly payroll transactions “in house”, rather than...

Part 1

Lynbrook, Inc. has decided to begin processing monthly payroll transactions “in house”, rather than using a Payroll Service Company, like ADP. On January 25, 2019, the end of the first monthly pay period of the year, Lynbrook’s payroll register showed that employees earned $22,000 of office salaries and $60,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $12,860 of federal income taxes, $1,340 of medical insurance deductions, and $840 of union dues. No employee earned more than $7,000 in January.

Required:

Prepare the journal entry related to the gross pay earned by employees on January 25. (Round amounts to cents.)

Prepare the journal entry related to the payroll taxes from the January 25 payroll. Lynbrook’s state unemployment tax rate is 4% of the first $7,000 earned by each employee. The federal unemployment tax rate is 0.6%, also on the first $7,000 earned by each employee. (round amounts to nearest penny)

Part 2

On October 19, 2018, Lynbrook, Inc. borrowed $200,000 cash by signing a 120-day 6% note payable with JP Morgan Chase Bank.

Required:

1. Prepare the entry on October 19, 2018 when the cash was borrowed.
2. Prepare the journal entry to record the accrued interest at December 31, 2018 (AJEs

made only at year-end).
3. Prepare the journal entry to record payment of the note at maturity.

In: Accounting

Debt ratio, Ratio of Liabilities to Stockholders' Equity, and Times Interest Earned Camper Company and McSead,...

Debt ratio, Ratio of Liabilities to Stockholders' Equity, and Times Interest Earned

Camper Company and McSead, Inc., are the two largest toy companies. Condensed liabilities and stockholders' equity from a recent balance sheet are shown for each company as follows:

Camper McSead
Current liabilities $1,477,000 $3,246,000
Long-term debt 795,800 1,906,000
Total liabilities $2,272,800 $5,152,000
Total stockholders' equity 3,788,000 6,440,000
Total liabilities and stockholders' equity $6,060,800 $11,592,000

The income from operations and interest expense from the income statement for both companies were as follows:

Camper McSead
Income from operations before tax $513,345.6 $1,485,210
Interest expense 43,200 159,700

a. Determine the debt ratio for both companies. Round to one decimal place.

Camper %
McSead %

b. Determine the ratio of liabilities to stockholders' equity for both companies. Enter your answers as decimal values rounded to one decimal place.

Camper
McSead

c. Determine the number of times interest charges are earned for both companies. Round to one decimal place.

Camper
McSead

d. What conclusions can be drawn from these data as to the ability of these two companies to meet their interest obligations?

In: Accounting

College students are accumulating increasing amounts of debt while they pursue their degrees. This debt has...

College students are accumulating increasing amounts of debt while they pursue their degrees. This debt has a significant economic affect as the new graduates strive to begin their life after graduation. Nationally, the mean debt of recent graduates from all public 4-year institutions was $27995.

How does the loan debt of recent graduates of North Carolina's public colleges and universities compare to student loan debt nationally? To answer this question, use the data in this Excel file Student Debt Recent UNC System Grads that shows the student debt of recent graduates from 12 UNC System schools to perform the hypothesis test:

H0: μ = 27995, Ha: μ < 27995

where μ is the mean student loan debt of all recent graduates from UNC System schools.

Name Institution Sector Average debt of graduates
Appalachian State University Public, 4-year or above $22,855
East Carolina University Public, 4-year or above $28,918
North Carolina A & T State University Public, 4-year or above $34,379
North Carolina State University Public, 4-year or above $24,053
University of North Carolina School of the Arts Public, 4-year or above $28,551
University of North Carolina Wilmington Public, 4-year or above $24,605
University of North Carolina at Asheville Public, 4-year or above $23,824
University of North Carolina at Chapel Hill Public, 4-year or above $22,214
University of North Carolina at Charlotte Public, 4-year or above $27,453
University of North Carolina at Greensboro Public, 4-year or above $26,841
University of North Carolina at Pembroke Public, 4-year or above $25,831
Western Carolina University Public, 4-year or above $15,669

Question 1: What is the value of the test statistic t for this hypothesis test? (round x and s to the nearest whole number).

Question 2: What is the P-value for this hypothesis test? (use 4 decimal places in your answer)

Question 3: What is the correct conclusion for this hypothesis test?

a) The null hypothesis H0: μ = 27995 is false with probability equal to the P-value, so reject H0.

b) The null hypothesis H0: μ = 27995 is true with probability equal to the P-value, so reject H0.    

c) Reject the null hypothesis H0: μ = 27995; the probability we have made a mistake is equal to the P-value.

d) Do not reject the null hypothesis H0: μ = 27995 and conclude that the mean loan debt of recent UNC System graduates does not differ significantly from the national average.

e) Reject the null hypothesis H0: μ = 27995 and conclude that the mean student loan debt of recent UNC System graduates is less than the national average.

In: Statistics and Probability