c. The United Kingdom (UK) left the European Union (EU) at the end of January 2020. Ignore any condition or terms of exit from the EU. Briefly describe the expected effect of UK’s separation/divorce from EU on the economies in rest of world. Refer to the definition that an economy is small when world prices and interest rates are independent of domestic economic conditions and your classification of the UK. (You are applying your knowledge about small or large open economy here)

4.

The United Nations' Human Settlements Program forecast that by the year 2020 what percent of the world's population would live in poverty?

7.

The Federal Trade Commission advocates which of the following for business security?

8.

In 2009 the U.S. government announced plans to spend how much to spur the use of digital or electronic patient records, as part of a national effort to reduce medical costs?

R.A Fisher advanced the "constitutional hypothesis:" there is a genetic factor that disposes you both to smoke and die. To refute Fisher's idea, the epidemiologists used twins studies. They identified sets of smoking-discordant monozygotic twin pairs. Now there is a race. Which twin dies first, the smoker or non-smoker? Data from the Finnish twin study are shown below.

Data from Finnish Twin Study

According to the first line of the table, there were 22 smoking-discordant monozygotic twin pairs where at least one twin of the pair died. In 17 cases the smoker died first; in 5 cases the non-smoker died first. According to the second line, there were 9 pairs where at least one twin died of coronary heart disease; in all 9 cases, the smoker died first. According to the last line, there were 2 pairs where at least one twin died from lung cancer, and in both pairs, the smoker won the race to death. (Lung cancer is a rare disease, even among smokers.)

For parts (a-c), suppose that each twin in the pair is equally likely to die first, so the number of pairs in which the smoker dies first is like the number of heads in coin-tossing.

(a) On this basis, what is the chance of having 17 or more pairs out of 22 where the smoker dies first?

(b) Repeat the test in part (a), for the 9 deaths from coronary heart disease.

(c) Repeat the test in part (a), for the 2 deaths from lung cancer.

(d) Can the difference between the death rates for smoking and non-smoking twins be explained by ...

(i) chance?

(ii) genetics?

(iii) health effects of smoking?

On September 1, 2019, Undisputed Corporation acquired TLC Enterprises for a cash payment of $850,000. At the time of purchases, TLC’s balance sheet showed assets of $620,000, liabilities of $240,000, and owner's equity of $420,000. The fair value of TLC’s assets is estimated to be $970,000.

A: Compute the amount of goodwill acquired by Undisputed Corporation.

On September 30th, 2020 assume the TLC Enterprises Division of Undisputed Corporation has the following balance sheet. Assets (including goodwill): $1,030,000 – 350,000= 680k net asset Liabilities: 350,000 Equity: 680,000

B: Based on the above information, Assuming the FMV of the division is $750,000, determine the Goodwill Impairment to be recorded (and prepare the journal entry)

C: Independently from “B”, now Assuming the FMV of the division is $650,000 determine the Goodwill impairment to be recorded (and prepare the journal entry)

The current exchange rate is one Australian dollar (AUD) equal to 1.349 USD.   In the United States, the 6 months T-bill rate is 2.84%. The 6-month forward rate for AUD is .75 USD/AUD. Assuming that interest rate parity exists, what is the implied interest rate for Australia?

How will a dollar devaluation affect businesses and consumers in the twin cities of El Paso, the United States, and Juarez, Mexico? What would efficient revenue management imply for the pricing of the Cowboys Stadium parking lot on typical game days? How about for the Super Bowl? How about for the many smaller events that fill less than half the lot

Entering foreign markets, by definition, means not investing in a firm's home country. For example, Nissan closed factories in Japan and added a new factory in the United States. GM shut down factories at home but kept them open in Europe. Do you see any ethical dilemmas here?

Please answer in detail in no less than 2 paragraphs

Human papillomavirus (HPV) infection is perhaps the most common STI in the United States and certain types of HPV cause cervical, anal, penile, and throat cancers. Vaccine against certain HPV types are now available and recommended for adolescent boys and girls. Discuss the concerns regarding the vaccine that have contributed to low uptake of HPV vaccine among U.S. adolescents?

Static versus Dynamic Analysis

Are each of the four cases of the Quantity Theory of Money static or dynamic propositions? Briefly distinguish the difference between static and dynamic analysis. Do prices always increase in the boom of the business cycle? If not, why not? Also why is the deflation of prices in the last 35 years of the 19^th Century in the United States not a refutation of the Quantity Theory of Money?