Discuss the role of the patent system in this case.

From its humble beginnings in 1946 as a small enterprise of some 20 staff members repairing phonographs, a brave decision to obtain a patent license changed the fate of this enterprise. In 1952, the founder of the enterprise came across patent information on an invention of the Bell Laboratories: the transistor. He approached Western Electric (WE) of the United States of America, the patent holder, and obtained a patent license. At that time, the transistor was only used in hearing aids, and WE did not see any chance for greater commercial success in the application of the transistor technology. Wondering if such a small firm was capable of developing any useful device from the transistor, WE shared with engineers of the enterprise useful technical information about the transistor, as agreed in the patent license agreement. In 1955, the small enterprise produced its first transistor radio and marketed the new product, which was a huge success. The successful commercialization of a transistor radio enabled this small enterprise (subsequently renamed as Sony Corporation) to enter the global market of electronics.

Suppose the unemployment rate in the United States is 10% and the structural unemployment rate is 3% and the frictional unemployment rate 5%. The actual Real GDP level is $12 billion and the Natural Real GDP is $20 billion. Please answer questions 3a through 3c below.

3a. Calculate the natural unemployment rate and the cyclical unemployment rate for the United States. Also, please calculate the recessionary gap or the inflationary gap using the actual Real GDP level and the Natural Real GDP figures above. Please show all of your calculations and work.

3b. Based on the information above and from the calculation from 8a, is the United States in a recessionary gap or an inflationary gap? Explain why the United States is in an inflationary or a recessionary gap.

3c. As an economist, what economic policies can you suggest to President Obama to help combat the inflationary gap or the recessionary gap in the United States? Explain why the policies might help to combat the inflationary or recessionary gap in the U.S. economy.

According to the “Bottled Water Trends for 2014” report (bit.ly/1gx5ub8), the U.S. per capita consumption of bottled water in 2013 was 31.8 gallons. Assume that the per capita consumption of bottled water in the United States is approximately normally distributed with a mean of 31.8 gallons and a standard deviation of 10 gallons.

PLEASE USE NORMDIST AND NORMINV IN EXCEL

a. What is the probability that someone in the United States con- sumed more than 32 gallons of bottled water in 2013?

b. What is the probability that someone in the United States consumed between 10 and 20 gallons of bottled water in 2013?

c. What is the probability that someone in the United States consumed less than 10 gallons of bottled water in 2013?

d. Ninety-nine percent of the people in the United States consumed less than how many gallons of bottled water?

e) The amount of water consumed by 92% of US population will be between what two values symmetrically distributed around the mean?

Amazon leased equipment from United Machines on July 1, 2020, in a finance lease. The present value of the lease payments discounted at 10% was $82,000. Ten annual lease payments of $12,000 are due each year beginning July 1, 2020. United Machines had constructed the equipment recently for $66,000. What net effect did the lease have on the income statement of United Machines for the year ending December 31, 2020? Ignore taxes. a. $23,000 b. $0 c. $16,000 d. $19,500 e. $3,500

Briefly summarize the history of the United States mental health care system. What are some of the issues surrounding mental health and mental health care in the United States today? How are we addressing those issues?

After two failed attempts at creating a central bank for the United States (First and Second Bank of the United States), in what ways did the political tide change in favor of creating the third attempt (The Federal Reserve)?

As U.S. trade with low-wage countries like Mexico increases, will wages in the United States be pushed down? Why or why not? Are low-wage workers in the United States hurt when there is more trade with Mexico? Discuss.

Referring to Chapter 12 in A People's History of the United States, How do you feel about Zinn's presentation of the United States as a racist nation and a bully? Were we an empire? Are we an empire? Give examples.