1. Suppose that current U.S-UK exchange rate is 0.63 pound (the pound is the UK currency) per dollar, and the aggregate price level is 170 for the U.S and 140 for the UK

a. What is the U.S real exchange rate? (round answer to three decimal places)

2. What does this real exchange rate mean in terms of the relative purchasing power of the dollar and the pound?

a. The US dollar buys less stuff in the UK than it would in the US

b. The US dollar buys the same amount of stuff in the UK as it would in the US

c. The US dollar buys more stuff in the UK than it would in the US

3. All else constant, the real exchange rate between American and British goods would be higher if

a. Prices of British goods were lower, or the number of pounds a dollar purchased were higher

b. Prices of British goods were higher, or the number of pounds a dollar purchased was lower

c. Prices of British goods were higher, or the number of pounds a dollar purchased was higher

d. Prices of British goods were lower, or the number of pounds a dollar purchased was lower

4.1. In the period from 1977 we have largely witnessed a period of disappearing dividends. Research by Baker and Wurgler (2004) argues that the disappearing dividends are caused by firms catering to changes in investor sentiment for dividends. Briefly explain their reasoning.

4.2. Explain why managers are in a better position to exploit stock market inefficiencies than other investors.

4.3. Discuss the market timing theory with respect to managers’ decisions to issue new equity or new debt or proceed to stock repurchases.

4.4. Explain the Market timing theory in a mergers and acquisitions framework

What are the costs for this economics class: What are the fixed costs? What are the variable costs?

3. Discuss the advantages and disadvantages for each of the following: a sole proprietorship, a partnership, and a corporation.

4. What is the price of Google stock currently today? What has caused the change in price since its 2004 IPO at $85/share? How has its price fluctuated over the past two weeks?

5. What economic or financial changes do you feel you will personally see from our current economic environment and coronavirus situation?

A non-profit organization is collecting data about how alcohol consumption affects academic performance. They want to perform a hypothesis test to see whether there is a relationship between how much alcohol a student consumes, and whether they are in good academic standing (GPA greater than or equal to 2.0). The results are summarized in the table below:

a. Find the expected frequency for the number of students that drink 3+ drinks per week and are in poor academic standing, under the assumption of independence. Round your answer to 2 decimal places.

b. State the null and alternative hypothesis for the Chi-Squared test for independence: Select your answer from one of the following options.

• a.?0:There is a relationship between alcohol consumption and academic standing.??:Academic standing and alcohol consumption are independent characteristics.
• b.?0:It is impossible to be in good academic standing if you drink 3 or more drinks per week.??:It is possible to drink 3 or more drinks per week and be in good academic standing.
• c.?0:Drinking 3 or more drinks per week will increase the chance you are in poor academic standing.??:Drinking 3 or more drinks per week will increase the chance you are in good academic standing.
• d.?0:Academic standing is independent of how much a student drinks.??:There is a relationship between academic standing and how much a student drinks.

c. Using the Google Sheets command =CHITEST, find the p-value for the Chi-Squared test for independence. Round your answer to 4 decimal places.

d. Interpret your result:Select your answer from one of the following options.

• a.Fail to reject the null hypothesis. At a significance level of 0.05, there is not enough evidence to conclude there is a relationship between alcohol consumption and academic standing.
• b.Reject the null hypothesis. At a significance level of 0.05, there is enough evidence to conclude there is a relationship between alcohol consumption and academic standing.
• c.Fail to reject the null hypothesis. At a significance level of 0.05, there is enough evidence to conclude there is no relationship between alcohol consumption and academic standing.
• d.Reject the null hypothesis. At a significance level of 0.05, there is enough evidence to conclude that there is no relationship between alcohol consumption and academic standing.

What current external (foreign) conditions are relevant in deciding the monetary policy instrument for UK (specifically how global or external conditions impact UK)? Provide atleast 5 points

Topic: Are tax Treaties necessary? Refer to the ‘Australian – UK Tax Treaty’.( 20 Marks)Topic: Are tax Treaties necessary? Refer to the ‘Australian – UK Tax Treaty’.( 20 Marks)

What current external (foreign) conditions are relevant in deciding the monetary policy instrument for UK (specifically how global or external conditions impact UK)? Provide atleast 5 points

1) The Gallup Poll asked a random sample of 1785 adults whether they attended church or synagogue during the past week. Of the respondents, 44% said they did attend. Suppose that 40% of the adult population actually went to church or synagogue last week. Let p^ be the proportion of people in the sample who attended church or synagogue. Find the probability of obtaining a sample of 1785 adults in which 44% or more say they attended church or synagogue last week. Do you have any doubts about the result of this poll?

2) Suppose 47% of all adult women think they do not get enough time to themselves. An opinion poll interviews 1025 randomly selected women and records the sample proportion who feels they don’t get enough time for themselves. If this sample were repeated numerous times, in what range would the middle 95% of the sample results fall? What is the probability the poll gets a sample in which fewer than 45% say they do not get enough time for themselves?

(6) Consider the function f(x, y) = 9 − x^2 − y^2 restricted to the domain x^2/9 + y^2 ≤ 1. This function has a single critical point at (0, 0)

(a) Using an appropriate parameterization of the boundary of the domain, find the critical points of f(x, y) restricted to the boundary.

(b) Using the method of Lagrange Multipliers, find the critical points of f(x, y) restricted to the boundary.

(c) Assuming that the critical points you found were (±3, 0) and (0, ±1, find the absolute maximum and minimum of f(x, y) restricted to this domain.

In a model of dynamic increasing returns, illustrate a and briefly explain using words. In this scenario, France protects its cotton industry with a temporary blockade, but after the blockade ends the protection is not enough for France to retain an advantage in cotton production, and once UK cotton is no longer blockaded, that the UK will recover its initial advantage. Be sure to draw and label any necessary learning curves (UK and France), and any relevant points on the curves.