In the South, activists have called for the removal of Confederate monuments and statues which pay honor and respect to the Confederacy. (The Confederates voted to leave the United States and fought with the North to create their own country. This war was known as the United States Civil War 1861-1865.)

The State of Mississippi approved a plan to remove the Confederate symbol from its flag. Richmond, Virginia, the capital of the South, authorized the removal of a statue for General Stonewall Jackson.

The Washington Redskins and the Cleveland Indians have agreed to examine their team names, with an eye towards changing their names. American Indians fought to change these names for years and they believe these names to be derogatory.

Should we remove statues and monuments, if they do not reflect our current values? Why has this movement succeeded when there have been calls for over 60 years to remove controversial monuments and statues? Are activists wrong for the calling of any removal of statues? Please help me, I will like and give good feedback

25. Which of the following statements is correct?

Multiple Choice

• Export sales are not important to U.S. industries because U.S. GDP is so large.

• The United States is increasingly dependent on exports, but not on imports.

• The United States would not be affected if it quit importing goods.

• Many U.S. industries are very dependent on export sales.

30. Terms of trade refers to

Multiple Choice

• credit arrangements for financing exports and imports.

• the rate at which goods are exchanged in international trade.

• the degree to which one country has a comparative advantage.

• the balance of payments.

31. An increase in nominal GDP means that there has been an outward shift of the production possibilities curve. T/F

32. Specialization and trade

Multiple Choice

• increase the standard of living.

• make workers lazy.

• increase the prices of goods.

• reduce consumption possibilities.

35. When the dollar appreciates, its value compared to other countries’ currencies

Multiple Choice

• more information is needed to predict the change in relative value.

• increases.

• stays the same.

• decreases.

Problem 1.1: Making Sense of the Trade Deficit

a) Explain the difference between the current account and the capital and financial account in the balance of payments.

b) What is a trade deficit?

c) Assume a U.S. firm buys (imports) $5 million (in U.S. dollars) of foreign goods. That transaction by itself increases the trade deficit by $5 million. But, the $5 million will flow back to the United States to purchase either (i) U.S. goods and services or (ii) U.S. assets.

1. How does the way the $5 million comes back to the United States determine whether there will be balanced trade or a trade deficit?
2. How does the U.S. economy benefit from either transaction (the foreign purchase of U.S. goods and services [exports] or the purchase of U.S. assets)?

d) How does the “global savings glut” help explain the trade deficit?

e) Write a short "elevator conversation" in which you explain clearly to less informed people (on the elevator, in a few minutes) what a "trade deficit" really is.

1- Select the characteristics that nearly all stratification systems share. (Select all characteristics that apply. You may choose more than one.)

2- One's class is not affected by race, gender or religion.

True

False

3- When the United States experienced a labor shortage during World War II, the government encouraged Mexicans to immigrate to the United States.    True or False

4- Play among young girls who stay with all-girl groups tends to reflect norms of encouragement and support, while young boys in same-gender groups develop a tendency toward more aggressive and competitive play.

           True

           False

An article entitled "Changes to the Creole Menu" written by Carla Méndez Martí was recently published. It summarizes the new dietary guidelines issued by the United States Department of Agriculture and the Department of Health. These guidelines prohibit excess sugar and salt, suggest limiting fat intake, and increasing consumption of fruits and vegetables, fiber, and low-fat dairy products. It is also recommended to eat whole wheat and not white bread, and exercise regularly. The new guidelines attempt to tackle the increase in obesity in our population, including young adults and the elderly.

Some researchers have associated a healthy diet with fewer health problems and greater longevity. Suppose that Puerto Ricans change our lifestyle and diet to follow the recommendations of the United States Department of Agriculture and the Department of Health.

Under current accounting standards, how could the new lifestyle of Puerto Rican society affect the accounting of a defined benefit pension plan of a local company? Specifically, which components of pension expense could be affected?

1. Explain the difference between the Expenditure and Income Approaches to Gross National Product (GDP) and what their respective component elements are, and why they are supposed to be equal to each other (if all the correct numbers have been assigned to each of the categories on the two sides).

2. In 2019, it was estimated that people in the civilian or private sector may have purchased over 14 million firearms in the United States. And the total dollar value of those purchases came to more than $70 billion. Suppose that there were to be a new constitutional amendment that repealed the Second Amendment to the U.S. Constitution, so that it became illegal for private citizens to own any type of firearm, and everyone was required to turn in their firearms to the federal government under penalty of fine and imprisonment.

But, suppose that people still wanted to own firearms, and there emerged a very active and countrywide black market in the production, purchase, and sale of illegal guns of various types. How would this all affect the expenditure and income official statistics, in terms of measurements of GDP in the United States? Would we want to say that GDP was not $70 billion smaller? What categories within the Expenditure and Income Approaches of GDP would be different after such a ban on firearms? Why?

If this kind of situation arose in the United States, what do you think the black-market price of various firearms would be compared to before when it was legal for U.S. citizens to own them? Would the price of firearms under such an ownership ban, in general, be higher or lower than before such a new amendment to the Constitution? Why? How do you think this would affect law enforcement in trying to track down ownership of a firearm after a violent crime as been committed? Why?

The United States has a trade deficit. In 2019, international trade subtracted $576.8 billion from GDP. Data on America’s import and export components show that goods and services purchased by the nation outweigh those which it sells on the global marketplace. The deficit has lowered because of the trade war initiated by President Donald Trump in March 2018. Trump's protectionist measures included a 25% tariff on steel imports and a 10% tariff on aluminum. China, the European Union, Mexico, and Canada announced retaliatory tariffs, hurting U.S. exports, and a deal was reached to remove the tariffs in May 2019. The tariffs depressed the stock market. Analysts worried that Trump started a trade war that would hurt international trade.

The Transatlantic Trade and Investment Partnership would have linked the United States and the EU, the world's largest economies. It would have controlled more than one-third of the world's total economic output. The biggest obstacle is agribusiness in the countries, as both trading partners have large subsidies for their food industries. The EU also prohibits genetically modified organisms as food and restricts antibiotics and hormones in animals raised for food. President Trump's trade war has complicated negotiations on this agreement. The United States has many other regional trade agreements and bilateral trade agreements with specific countries. It also participated in the most important multilateral trade agreement, the General Agreement on Tariffs and Trade (GATT). Although the GATT is technically defunct, its provisions live on in the World Trade Organization.

Is international trade slowing? Are you agree or disagree? What do you think about Trump's approach on International Trade agreements?

Consider the data below of inches of rainfall per month for three different regions in the
Northwestern United States:
Plains Mountains Forest
March 14.8 12.6 11.0
April. 21.4 13.0 9.7
May 17.1 18.1 16.5
June 18.9 15.7 18.1
July 17.3 11.3 13.0
August 16.5 14.0 15.4
September 16.9 16.7 14.2

Using SPSS, perform a two-sample t-test to test the hypothesis that there is not the
same amount of rainfall in both the Mountains and the Forest regions in the
Northwestern United States with a significance level of 0.02. You do not need to test
Normality first. In the output, the first test in the table (Levene’s Test for Equality of
Variances), concerns whether the variances of the populations are equal (the null
hypothesis) or not (the alternative hypothesis); we are assuming unequal variances in
this course, so use the second row. If parts of your table do not export, you can copy
and paste it to preserve the test statistic and significance from SPSS, or transcribe both
of them (and include what does export from the SPSS output). You should include the
hypotheses of your test, what the P-value is from the output, and your conclusion about
the hypotheses. What are the degrees of freedom of your test statistic (using the
formula from the book)?
Then, using SPSS, perform an ANOVA test for the hypothesis that there is not the same
amount of rainfall in every region in the Northwestern United States with a significance
level of 0.03. You should include the hypotheses of your test, what the P-value is from
the output, and your conclusion about the hypotheses. What are the two degrees of
freedom of your test statistic?

This case analysis is designed to encourage you to evaluate the pricing and promotion strategies for Tesla Motors, the California based company. The company designs, manufactures, and sells electric cars and electric vehicle powertrain components. The company also provides services for the development of electric powertrain systems and components and markets its vehicles through Tesla stores and over the Internet. The company has 80 stores and galleries in North America, Europe, and Asia. Currently, Tesla Motors is planning to go into Indian market.

Imagine you have been hired as a consultant to the VP of Worldwide Sales and Service for Tesla Motors Mr. Jerome Guillen. The VP wants to get an objective opinion from someone outside the company who is familiar with international marketing basics.

Your job is to write a 1- to 3-page memo (single spaced) critically analyzing Tesla's promotion and pricing strategy for Tesla Model 3 if the company introduces this model into the market in India. Take into consideration the current promotion and pricing tactics used by the company in the United States. Make sure to address the following issues:

Evaluate if the current promotion strategies employed by Tesla Motors in the United States should be adapted to meet market needs in India. If so, how? If not, why not?

Assess if the current pricing strategies employed by Tesla Motors in the United States should be adapted to meet market needs in India. If so, how? If not, why not?

What key challenges would Tesla Motors face in India compared with its experience in China? Propose creative strategies to tackle these challenges in India.

Do you think the Tesla Model 3 would help Tesla successfully enter the Indian market? Explain your position.