Currently, taking pictures or any type of video recording in the United States Supreme Court is not allowed. Discuss your thoughts and perspectives about allowing cameras in the United States Supreme Court during their hearings. What are the pros and cons about allowing cameras in the Court? Do you support putting cameras in the Court? Why or why not?
In: Psychology
Imports, exports, and the trade balance
The following table shows the approximate value of exports and imports for the United States from 1983 through 1987.
Complete the table by calculating the surplus or deficit both in absolute (dollar) terms and as a percentage of GDP. If necessary, round your answers to the nearest hundredth.

Source: "Income, Expenditures, Poverty, & Wealth: Gross Domestic Product (GDP)," United States Census Bureau, United States Department of Commerce, last modified September 2011, accessed June 10, 2013, https://www.census.gov/library/publications/2011/compendia/statab/131ed/income-expenditures-poverty-wealth.html.
Between 1984 and 1985, the _______ _______ in dollar terms and _______ as a percentage of GDP.
In: Economics
The maker of a line of toys featuring Thomas and Friends was insured by Ace American Insurance. The toy maker was sued in class action suits in the United States because of a recall of its toys for containing lead-based paint. The toys were made, painted, and tested in China. The insurance policy had a “coverage territory” exclusion which barred coverage of “occurrences” of bodily injury or property damage taking place in the United States. The defendants argued that the injuries took place in the United States, where they were exposed to the lead paint, not where the toys were manufactured and tested. Should the court interpret the policy to make the insurer defend the lawsuits? Why?
In: Economics
In: Economics
In: Economics
IN NEED OF A DETAILED ANSWER!!
Question 1- Learning to draw and label the graphs correctly and then explaining the changes in the economy is key to scoring high on this question.
Scenario 1
The United States economy is growing at a faster rate than any of its trading partners. As a result, inflation is increasing.
Show and explain how the increase in inflation will affect the international value of the United States dollar and the foreign dollar. (Make sure you use the concepts of supply and demand and the cost of domestic goods in your explanation.)
Explain how the changing value of the dollar will affect United States exports and imports. (Make sure you use the concepts of the cost of foreign and domestic goods in your explanation.)
In: Economics
Suppose the United States could import footwear from Thailand at the price of $20 per pair or from Mexico at $24 per pair. The domestic price of footwear in the United States is $35. Suppose prior to NAFTA, the U.S. imposed a 50% tariff on all footwear entering the country. a. Prior to NAFTA, would the United States import footwear? If yes, from which country? (3 points)
b. Suppose the US demand for footwear is given by Q = 100 – 2P. Assume US producers face a constant MC = $35. What is the welfare effect of joining the NAFTA for the US if doing so requires eliminating the tariff on Mexican made footwear? (7 points)
In: Economics
Vishnu is headed to a the world golf championship, which has a total of 90 players. 17 players are from the United States, 36 are French, and 37 are Canadian. To gauge the talent of the event Vishnu invites ten players randomly chosen for a practice round.
a. What is the probability that the practice group contains exactly 1 player from the united states, 5 Frenchmen, and 4 Canadians?
b. What is the probability that 1 of the players selected to participate in the practice round is from the United States?
c. What is the probability that Vishnu sits with the best player at dinner after the practice round if the table is round and seating is random? (assume Vishnu is not the best player)
In: Math
Please comment on the statement.
When it comes to globalization, outsourcing to companies in different countries take away jobs from people in the United States. I understand why it done which, is to keep cost low. However, I do not agree with it. I currently work in customer service in a call center and I get the question all the time of people asking where am I located? Consumers like to hear that they are speaking to someone in the United States. But, on the flip side if prices had to increase to keep everything sourced in the United States I don’t think they would like that. What do you think?
Please don't hand write.
Thank you.
In: Operations Management
From 1948 to 2003 the United States experienced an average real GDP growth rate of 3.5 percent and Guatemala had an average real GDP growth rate of 3.6 percent from 1993 to 2003. Can we say that Guatemala's standard of living grew more than the United States' standard of living from 1993 to 2003?
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No, because we do not know the population growth rates of either country or the real GDP growth rate of the United States during 1993-2003. |
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No, because we do not know the real GDO growth rate of the United States during 1993. |
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Yes, clearly 3.6 percent is greater than 3.5 percent. |
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Yes. since the only variable that matters for economic well-being is real GDP. |
Paying sales workers based on a tournament reduces environmental risk.
True
False
In professional golf, player earnings are determined by:
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relative performance |
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absolute performance |
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achieving a predetermined number of strokes below par |
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ability risk |
In: Economics