For the next several questions, consider the market for lumber in the United States. What is the likely impact on the price & quantity for lumber from the following changes, other factors held constant?

The interest rate falls, leading a boom in new housing starts.

1. What is the change (if any) on the equilibrium price for lumber?

Select one:

a. increase

b. no change

c. decrease

2. What is the change (if any) on the equilibrium quantity for lumber?

Select one:

a. no change

b. increase

c. decrease

A growth in tree fungus spreads through the United States, killing many trees.

3. What is the change (if any) on the equilibrium price for lumber?

Select one:

a. increase

b. decrease

c. no change

4. What is the change (if any) on the equilibrium quantity for lumber?

Select one:

a. decrease

b. increase

c. no change

Bank Failures Despite the regulations that protect banks from failure, some do fail. Go to www2.fdic.gov/hsob/ Select the tab labeled “Bank Failures”. In your initial response to the topic you have to answer all questions:

1.What does the term “bank failure” mean? What role does FDIC insurance play?

2.How many banks failures occurred in the United States during the most recent complete calendar year?

3.How many banks failures occurred in the United States during 2016?

4.What were the total assets and total deposits held by the banks that failed during the most recent complete calendar year?

5.How many banks failed in 1937? 6.How it is possible to prevent bank failure?

You have recently been elected president of the United States. One of your most popular positions is that you want to reduce the costs of doing business in the United States. When asked how you intend to accomplish this, you reply, ‘‘By seeking to repeal all laws that create unnecessary costs. Repealing such laws will be good not only for business but also for the consumer since product costs, and therefore selling prices, will be reduced.’’ Congress heard the message loud and clear and has decided to repeal all environmental protection laws.

a. Discuss the short- and long-term implications of such a policy.

b. How would such a policy affect the global competitiveness of U.S. companies?

c. What reactions would you expect to such a policy from (1) other industrialized nations and (2) developing countries?

In the following hypothetical scenarios, classify each of the specified numbers as a parameter or a statistic.

There are 100 senators in the 114th Congress, and 54% of them are Republicans. The 54% here is a


In 1936, Literary Digest polled 2.3 million adults in the United States, and 57% of them said they would vote for Alf Landon for the Presidency. The 57% here is a


The survey results from 75 local elementary schools show the mean weight of 41 lbs for four-year-old children. The mean weight of 41 lbs is a


The 36 students in Ms. Dunham's second grade class have a mean height of 64 inches with a standard deviation of 1.3 inches. The 1.3 inches is a


In a random sample of households in the United States, it is found that 51% of the sampled households have at least one high‑definition television. The 51% here is a

Assume you live in a mid-size city in United states, in the State of Texas. You are starting a healthy energy drink company. Targeting the fitness community in your area. Assume you are currently outsourcing your beverage but with time you want to manufacture your beverage in the United States. Your focus for this question will be on manufacturing: Describe how you willmanufacture your product (machines, labor, robotics, etc.). What type of manufacturing process layout will you use and why? Keep in mind that you will most likely utilize just-in-time (JIT) to the extent possible. Also recall the process of manufacture you chose, namely, continuous process, flow shop, cellular, job shop, project, or a hybrid (combination of two or more of the former). Please answer all the questions. Thank you in advance

Don't you agree that the lack of females in positions of authority provide girls with a message that girls are not capable of being in charge? Remember that in the 1700's in the United States when whaling was an industry, men were out to sea sometimes for years at a time, who ran the businesses back home? Women, there were many "cottage" industries in which women ran businesses out of their homes, but they made money, paid the bills, took care of the family, and were there when their men returned to land. The changes occurred during the Industrial Revolution in the United States when it was considered a sign of wealth when a "weak" woman was "allowed" to stay home and care for their children and their husbands worked in the factories of the time. So how do we reverse 100 years of societal influence?

5. Discuss the topic of the following federal tax forms:

a. 990 –

b. Schedule SE –

c. Form W-2 –

6. Identify the topic of the following Treasury Regulations, Revenue Rulings or Revenue Procedures:

a. Reg. § 301.6333-1 –

b. Treas. Reg. 1.482-7(b)(1)(iii). -

c. Rev. Proc. 89–14, 1989–1 C.B. 814 -

7. Apply your knowledge of tax law, to other areas of the United States Code, given that sometimes an accountant might need to access other parts of the United States law:

   a. 15 U.S.C., chapter 2B, section 78j-1(b)(1) -

b. 31 U.S.C., subtitle B, chapter X -

c. Title 18, chapter 31, section 664 -

Brittany, a 33- year old Caucasian woman who has lived her whole life in the United States, is watching the news when she hears that mexican immigrant has been arrested on drug charges. Brittany turns to her friend and says, "typical. I mean, Im sure there are some nice mexicans in our country- i just haven't met any." She then argues for stricter immigration policies and the construction of a wall along the united states-mexico border. Analyze Brittanys thoughts according to the various heuristics she may have used. In addition, determine which element of the media broadcast may have activated certain schemas, and explain how perseverance effect may have played a role in shaping her views.

Durning this part of class we looked at (1) creating a strategy, (2) mission, vision, values, and culture, (3) globalization, and (4) planning.

For this extra credit, reflect on the COVID-19 virus to date. In thinking about COVID-19 identify one topic (creating a strategy, globalization, or planning) and address the following questions:

1. How do you feel the United States has performed in the area (i.e., creating a strategy for COVID-19, addressing the global aspect of the virus, or planning for the virus)? In your response, find one news article that supports your argument. Please include a citation.

2. What could have been done to make the United States more effective at addressing this crisis? In your response, tie in one key concept from class.