1.

What is a defining characteristic of a free trade area?

Multiple Choice

• Factors of production are allowed to move freely between member nations.

• Each member country is allowed to determine its own trade policies with regard to nonmembers.

• Member nations are required to have a common currency.

• Member nations are required to have a common monetary and fiscal policy.

• Member nations are required to have a central political apparatus that coordinates economic, social, and foreign policy.

2.

Establishment of the euro required participating national governments to

Multiple Choice

• have a sound fiscal situation.

• have stable exchange rates.

• be democratic in nature.

• give up control over monetary policy.

• have a high degree of price stability.

3.

Regional trade blocs in Africa have been slow to establish mostly because of

Multiple Choice

• significant political turmoil.

• inefficiencies in the economy.

• a lack of willing participants.

• an unwillingness to lower all nontariff barriers.

• a lack of intellectual property rights.

4.

Within a(n) _____, there is a level of economic integration that involves the use of a common currency, harmonization of members' tax rates, and a common monetary and fiscal policy.

Multiple Choice

• free trade area

• customs union

• common market

• economic union

• command economy

5.

The purpose of the Central America Free Trade Agreement is to

Multiple Choice

• lower trade barriers between the United States and the Central American Common Market countries.

• eliminate trade barriers between the CARICOM and Central American Common Market countries.

• reduce of trade barriers between Caribbean Single Market and Economy nations and Central American Common Market countries.

• introduce a common currency for Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua.

• reduce tariffs and quotas between Costa Rica, Dominican Republic, and Nicaragua.

6.

Since it was introduced in 1999, how has the euro compared to the U.S. dollar?

Multiple Choice

• The value of the euro has been stable against the U.S. dollar.

• The euro's value has steadily appreciated against the U.S. dollar.

• The euro's value initially appreciated and then steadily depreciated against the U.S. dollar.

• The euro has had a volatile trading history against the U.S. dollar.

• The value of the euro rapidly surpassed, and continues to appreciate against the U.S. dollar.

7.

An expected consequence of the implementation of the North American Free Trade Agreement was

Multiple Choice

• low-skilled jobs would be moved out to Mexico resulting in lowering of average wage rates in the United States and Canada.

• increased imports from Mexico would help reduce the huge trade deficit for United States and Canada.

• lower incomes of the Mexicans would allow them to import fewer U.S. and Canadian goods, thereby decreasing demand.

• a large number of Mexican firms would hire low-skilled workers from the United States.

• some U.S. and Canadian firms would move production to Mexico to take advantage of lower labor costs.

8.

The Central American Free Trade Agreement is an agreement to lower trade barriers between six nations and

Multiple Choice

• the United States.

• the EU.

• France.

• the Philippines.

• Germany.

9.

Which of these situations shows how concerns over national sovereignty can act as an impediment to regional economic integration?

Multiple Choice

• Organization of the Petroleum Exporting Countries regulating the supply of petroleum as a cartel

• Asia-Pacific Economic Cooperation failing to establish itself as a regional arrangement

• admission of eastern European nations into the European Union

• Great Britain refusing to adopt the common currency of the European Union, the euro

• rise of the World Trade Organization

10.

What was a change proposed by the Single European Act?

Multiple Choice

• establish frontier controls among European Community countries

• increase the resources required for complying with trade bureaucracy

• place barriers to competition in the retail banking and insurance businesses

• apply the principle of "mutual recognition" to product standards

• reduce costs directly by not allowing lower-cost suppliers into national economies

What is the first big change that American drivers made due to higher prices? According to an Access American survey, 20% said that it was cutting recreational driving. however, 25% said that it was consolidating or reducing errands. If these figures are true for all American drivers, and if 20 such drivers are randomly sampled and asked what is the first big change they made due to higher gas prices?

a. What is the probability that exactly 8 said that it was consolidating our reducing errands?

b. What is the probability that none of them said that it was cutting recreational driving?

c. What is the probability that more than 7 said that it was cutting recreational driving?

1. According to the American Mathematical Society’s survey of recently-graduated PhD’s in Mathematics, 47% were white, 42% were Asian, 4% were Hispanic or Latino, 3% were Black or African American, and 4% were another race. Among job applicants for an entry-level math professorship, 101 were white, 87 were Asian, 6 were Hispanic or Latino, 4 were Black or African American, and 2 were another race. Is there a significant difference between the racial diversity of the applicants versus the racial diversity of recent math PhD graduates, at α = 0.05? Show all calculations by hand.

Compare and contrast any two motivation theories that are early or contemporary theories, in light of your own experiences. Answer these questions using concrete examples from those experiences. Which theory do you believe, and why? Or do you believe both or neither? Which theory would you rather have your manager subscribe to? Descibe one EARLY theory and one CONTEMPORARY theory of motivation.

1. (a) Explain how CO interacts with the circulatory system, especially the relationship among CO, CO2, and O2 in blood cells and how exposure to CO influences normal oxygenation mechanisms. (b) Why are individuals with heart disease at greater risk when exposed to elevated CO levels?

2. How is particle deposition and removal from the lung influenced by the size of the particles?

Module 01 Assignment - Importance of Special Education in Early Childhood Education

Now that you have a foundation of understanding Early Childhood Special Education, it is important to think about how the fields are connected and key in child development.

Write a 1-2 page paper (not counting the title or references pages) on the significance of Special Education. In your paper, address the following:

Why do you think Special Education is important in early childhood?Include specific examples of how Special Education can impact your work with young children.

You should use 2-3 reputable resources (for example, research journals, articles, or books), cite them using in-text citations, and list them on a references page formatted according to APA guidelines.

During 2019, its first year of operations, A Company purchased 4 available-for-sale investments as follows:
Security Shares Purchased Total Cost
Co 1 3500 $67000
Co 2 2215   $72620
Co 3 1000 $21550
Co 4 2250    $58000

Assume that as of November 30, 2019, the Co 1 stock had a market value of $23 per share, Co 2. stock had a market value of $23 per share, Co 3 stock had a market value of $38 per share and Co 4 stock had a market value of $18 per share. A Company had $36,550 shares of no par stock outstanding that was issued for $900,000. For the year ending November 30, 2019. A Company had a net income of $275,000 No dividends were paid.

1) Prepare the Stockholders’ Equity section of the balance sheet as of November 30, 2019

2) Prepare the Current Assets section of the balance sheet presentation for the available-for-sale securities as of November 30, 2020.

A company had the following related transactions:

Purchased merchandise on account from Blitzen Co., list price $20,000, trade discount 25%, terms FOB shipping point, 2/10, n/30, with prepaid transportation costs of $650 added to the invoice.

Purchased merchandise on account from Cupid Co., $8,000, terms FOB destination, 1/10, n/30.

Sold merchandise on account to Donner Co., $9,800, terms 2/10, n/30. The cost of the merchandise sold was $5,800.

Returned $2,000 of merchandise purchased from Cupid Co.

Paid Blitzen Co in full within credit term.

Received merchandise returned by Donner Co. from sale, $1,800. The cost of the merchandise returned was $1,080.

Paid Cupid Co in full within credit term.

Received cash on account from Donner Co.

Perpetual inventory records indicate that $85,000 of merchandise should be on hand. The physical inventory indicates that $81,350 of merchandise is on hand.

Required:

Prepare the general journal entries to record these transactions using a perpetual inventory system.