Use the table, which shows a farm’s production possibilities, to work Problems 2 and 3.

2. If the farm uses its resources efficiently, what is the opportunity cost of an increase in chicken production from 300 pounds to 500 pounds a year? Explain your answer.

3. If the farm adopted a new technology, which allows it to use fewer resources to fatten chickens, explain how the farm’s production possibilities will change. Explain how the opportunity cost of producing a bushel of soybean will be affected.

4. "Because the United States is the largest economy in the world and can produce anything it needs domestically, there are no gains from trade for the United States." Is the previous statement correct or incorrect?

5. The United States can use all of its resources to produce 50 computers or 4,000 shoes. Suppose

that at world market prices, one computer exchanges for 100 shoes. Explain how the United States can gain from trade

.

How did the spirit of Manifest Destiny and federal policies guide the outcome of Native American tribes on the Great Plains and west of the Great Plains? 

How do you think immigration policies today facilitate immigration to the United States?

Now, it is time for you to test your knowledge of key economic indicators and the effects of economic measurements have on an economy.

The purpose of this assignment is to investigate and to gauge your understanding of key economic indicators by filling out the figure one (1) below and to write up your findings and compare and contrast the United States to that of China.

Compare and Contrast the United States to that of China

Assignment should include the following:

Title page

Introductory paragraph

Completed table inserted into your Word document

Summary of the United States and China

Summary must be at least 250-words or more in length

Conclusion to summarize your findings, and

Reference page (Reference page must be at the end of your paper and on a separate page).

ECO 2013 Principles of Macroeconomics Global Citizens Assignment

In this assignment, you will examine GDP for different countries and the factors that lead to different rates of economic growth among countries and you will be asked for your economic advice. ANSWER EACH NUMBERED QUESTION SEPARATELY.

1. GDP: Calculate the values to fill in the blanks in the shaded areas of the table below:

2. Based on the information in the table and your calculations for Question #1:

Do any countries have positive net exports? ______      Which one(s)? ________________________

Which country has the largest negative net exports? ____________________________

3. Suppose that one of the countries above asks for your advice about trade. Policymakers in the country want information about the impact of trade on GDP and whether they should be concerned about negative (or positive) net exports. How would you respond?

4. Economic growth: Based on information from the World Bank, in 2016, GDP per capita was $57,467 in the United States and $59,977 in Iceland – very similar values (and high values compared to many countries). But, the annual rate of GDP growth averages 0.9% in the United States and 6.1% in Iceland.

Would you predict the United States or Iceland to have a more rapid increase in the standard of living in the long run?

                _________________    Discuss what evidence/theory from Chapter 11 you are using to support this prediction.

5. Based on information from a variety of sources, out of all countries –

Saudi Arabia ranks 26^th in healthcare while the United States ranks 31^st

Saudi Arabia ranks 95^th in the lack of civil unrest while the United States ranks 97^th

Saudi Arabia ranks behind the United States in terms of education

Saudi Arabia has investment of 30.75% of GDP while the United States is 19.754%

All of this suggests that the standards of living in the United States and Saudi Arabia are very similar - using this, answer the question below.

?6. Suppose a country with a low standard of living asks for your advice on whether it should try to emulate Saudi Arabia or the United States in pursuing its goal of increasing its standard of living. What would you advise?

5) Property purchased using partnership funds but acquired in the name of an individual partner is nonetheless the partnership's property. True or False

True

False

6) Once an LLC register's it's name in a particular state, that name is protected throughout the United States. True or False

True

False

7) An accountant faces potential liability under The Internal Revenue Code and securities laws, but not under the common law. True or False

True

False

8) When determining the negligence of an accountant, the standard of care required is "The Reasonable Person" standard. True or False

True

False

9) An accountant may avoid liability under the Securities Exchange Act if the accountant can prove a false or misleading statement was made in good faith. True or False

True

False

Consider this statement: “The principles of specialization and trade according to comparative advantage among nations also apply to states in the United States”. Do you agree or disagree? Explain.

Question 4: Open Economy Macroeconomics
a. Each of the following transactions will affect the balance of payments for the United
States. Indicate which account (current account or financial account) would be affected
by each of these transactions and whether it is a credit (+) or debit (-) transaction.
i. Samsung sells $500,000 of its cellular phones to a U.S. phone service provider.
ii. Mr. Williams in the United States sends his nephew in Australia $200 as a
graduation gift.
iii. A bank in Chicago purchases a Swiss Treasury bond.
iv. Hyundai Motor, a Korean company, builds a new production plant in Alabama.
b. The United States runs a current account deficit. Is the U.S. financial account in deficit
or surplus? Explain the relationship between the two accounts.

The National Sleep Foundation surveyed representative samples of adults in six different countries to ask questions about sleeping habits.† Each person in a representative sample of 250 adults in each of these countries was asked how much sleep they get on a typical work night. For the United States, the sample mean was 391 minutes, and for Mexico the sample mean was 426 minutes. Suppose that the sample standard deviations were 26 minutes for the U.S. sample and 41 minutes for the Mexico sample. The report concludes that on average, adults in the United States get less sleep on work nights than adults in Mexico. Is this a reasonable conclusion? Support your answer with an appropriate hypothesis test. (Use α = 0.05. Use μ₁ for Mexico and μ₂ for the United States.)

Discuss the Following in a Single Initial Reply:

1) Organizations do not operate in a vacuum and are subject to governmental regulation. This is particularly true with publicly traded organizations. Based on business here in the United States - who can name a few regulatory bodies that directly relate to financial management?

2) What exactly is risk aversion and can it relate to cultural differences? Even if you have never been overseas - can you give an example of this here in the United States?

3) I believe that we all know what currency is - think about having a United States dollar in hand. From a financial management standpoint, why is it important to understand currency fluctuations? What are some of the key factors that cause fluctuation?