) State the Heckscher-Ohlin (H-O) Theorem, and explain what it means. What are the initial assumptions? Use diagrams with PPFs, indifference curves, and price lines to demonstrate the H-O theorem and to show the existence of (A) Comparative advantage and (B) Gains from trade. What happens to the production of each good in each country under free trade as opposed to autarky?

Draw two qualitative sketches—one showing how a worker’s budget constraint would be affected by a lump-sum payment (such as a Universal Basic Income), the other showing how her budget constraint would be affected by the Earned Income Tax Credit (hint: check section 6.3). Use them to explain how the policies differ in their incentives regarding labor force participation for workers already choosing to work.

b. Draw a second set of sketches identical to the first. Use them to explain how the policies differ in their incentives regarding labor force participation for workers not previously working.

Wayne Deng is reviewing the statement of cash flows for his technology business. The Statement has been provided by his accountant. He is dismayed that the statement shows net cash outflows for investing activities.

Marks: 10

1. Explain to Wayne what the cash flow from investing activities section of the cash flow statement shows.

Marks: 2

2. Should Wayne be concerned by reported net cash outflows for investing activities? Discuss and defend your conclusion. Include an example to illustrate your conclusion

Marks: 8

1. In the blank provided for each biochemical test write a chemical equation that describes each test, circle the end product that is detected by the reagents added to the test, and state the color of a positive result.

Voges-Proskauer (5-4) ____________________________________

Methyl red (5-4) ____________________________________

Phenol Red Glucose (5-3) ____________________________________

Catalase Production (5-5) ____________________________________

Nitrate Reduction (5-7) ____________________________________

2. Match each enzyme or reagent with the appropriate biochemical test media, substrate or product by placing the correct letter in the blank provided.

Catalase________ A. NO3

Nitrate reductase________ B. H2O2

Citrate permease________ C. Carbohydrate

2,3 butanediol ______ D. Simmons Citrate

Phenol Red_______ E. MRVP

Task: Design a smart system facilitated by Internet of Everything.

Topic: Smart Homes for The Elderly

1. Develop Operational Concept

A. Vision What is the problem, deficiencies or opportunities? State how the need(s) for an envisioned system is identified. Answer precisely and concisely in a small paragraph.
B. What is the envisioned system? In a few sentences, tell what is the envisioned system? the most important functions of the system, and the most significant effects of the system?
C. Who are stakeholders? Who are clients (major stakeholders)? Identify the stakeholders of your envisioned system; particularly the major stakeholders – the clients, to whom the system is designed for, and who will use this system for their mission.
D. State the objectives of the clients (the major stakeholders) in the immediate super-system. Explain how the clients will benefit from the envisioned system in their mission environment.
E. Use cases describe how the envisioned system works in the operational environment. Use Use-Case Diagram and Sequence Diagram to describe major use cases.
F. Define System Boundary - Use IDEF0 draw External Systems Diagram, to define the interaction between the envisioned system and its external systems. Draw the External Systems Diagram, if there are many external systems in the case, select 4 or 5 most relevant ones (having more inputs / outputs). For some necessary inputs / outputs from/to omitted external systems, mark them with brief text.

6 In the late 1930s and early 1940s, Joe Louis handily defeated a series of opponents who came to be known as the “Bum of the Month Club.” Use what you know about rank-order tournaments to explain how this came about.

At different stages of your life, you will evaluate investment options based on the expected cash flows that they are likely to produce – a process that hopefully will help you to make informed decisions. Think about the various way you might invest money to generate income in the future, and how you will make these types of decisions. For this assignment, suppose that you have been given $10,000 with the requirement that you "invest" it in one of the 3 different options below. Research the expected return and associated risk for each of the following:

• Pay down your student loan or credit card debt. Although this is not technically an investment, it is effectively the same as earning a "risk-free" rate of interest. Alternatively, you can keep the cash in a riskless (FDIC insured) bank account. Current rates are available on a number of different sites such as Bankrate.com.
• Invest in any stock(s) of your choice. Research the company on Yahoo Finance or other financial site, and get statistics regarding the expected risk and return for this investment. Be very specific about why you selected this company.
• Invest in a real estate rental property. Research property prices, rents, and expenses for residential income properties or get basic information from a property management site such as Mashvisor or Roofstock. Note that a "cap rate" or "cash-on-cash" return is like a dividend yield for a stock, and is calculated as net operating income (rental income less expenses) divided by the price.

1. What methods would you use to evaluate these options? Compare each option in terms of current yield, potential for appreciation, and estimate an approximate long-term total return.
2. Which option offers the best potential return given its level of risk? Which one would you choose given your level of risk aversion? Explain in detail.
3. What sort of capital investments do you think you might make in the future? What other investments (such as owning your own company or investing in a start-up) would you consider? Why? Are there any factors in addition to monetary gain that you would consider?

Please state your opinion about how the japanese government does the measures of covid-19 from here on out, based on the Precautionary Principle and Environmental economics.

Consider the following: Federalism is defined as shared government between a central government and regional units of government. Essentially, federalism is about the balance of power between the federal government and the states. When we consider issues such as the environment, health care, education, welfare, immigration, unemployment, housing, marriage definitions, etc., the debate centers around whether those responsibilities should be primarily handled by the state governments or the federal government or neither.

Please respond to the following questions completely: Which level of government should be more responsible for providing various services and public goods to the citizens? What kinds of services should those be and why? Explain your response fully.

Clearly explain what “crowding out” refers to and its overall effects. Graphically illustrate the level of crowding out in an IS-LM model. Explain in detail how the interest elasticity of investment affects the level of crowding out. Be sure to explain why this is the case. Note: This question requires lengthy dialogue and a corresponding graph. Be sure to answer all parts of the question.