Many corporations take advantage of lower wages and production cost (and taxes) in other countries to produce less expensive products for the American market. The obvious solution is to bring those jobs and companies back to the United States. President Trump has touted such an approach. However, this transition would mean that the things we buy would be more expensive and affect the already tight budget of many Americans. So, here is another loaded question class...which way do we go? Cheaper products made overseas or more expensive products made stateside which bolsters the American job market?

1. In the last 2 months, 40 million Americans have claimed unemployment. We have seen the U.S.A. unemployment rate increase to 14.7%. If the adult population of the United States is 215 million, calculate the Labour Force participation rate. Comment, what do you think are the short term, and long term impact of this level of unemployment. Justify your reasons. State policies that the government can implement to help the this situation.
2. The natural rate of unemployment in Thailand is about 1% and the labor force participation rate is about 68%. Interpret these values. What does it mean for the Thailand’s economy and population? Why is the U-rate so low?

M/PF Research, Inc. lists the average monthly apartment rent in some of the most expensive apartment rental locations in the United States. According to their report, the average cost of renting an apartment in Minneapolis is $951. Suppose that the standard deviation of the cost of renting an apartment in Minneapolis is $96 and that apartment rents in Minneapolis are normally distributed. If a Minneapolis apartment is randomly selected, what is the probability that the price is: (Round the values of z to 2 decimal places. Round answers to 4 decimal places.) (a) $1,000 or moreb0 between 900 and $1,110? c) Between $830 and $930? Entry field with incorrect answer (d) Less than $730?

It is thought that prehistoric Indians did not take their best tools, pottery, and household items when they visited higher elevations for their summer camps. It is hypothesized that archaeological sites tend to lose their cultural identity and specific cultural affiliation as the elevation of the site increases. Let x be the elevation (in thousands of feet) for an archaeological site in the southwestern United States. Let y be the percentage of unidentified artifacts (no specific cultural affiliation) at a given elevation. Suppose that the following data were obtained for a collection of archaeological sites in New Mexico: x 5.25 5.75 6.25 6.75 7.75 y 11 18 28 36 49

Find x

True or False i. The presence of economies of scale make it is easier to achieve expansions of RGDP through increasing economic resources. j. Once it joined the Euro, Greece lost the use of both Monetary Policy and Exchange Rate changes to deal with problems in its economy. k. When a country in financial difficulty has obtained a bailout program from the IMF, it receives funds regardless of its economic performance or policies. l. PPP adjustment to converting a non-US country’s GDP into Dollars generally raises the country’s GDP when prices in the non-US country are lower than in the United States.

This week's material focuses on the horrific period of the Great Depression. This era led to significant changes within the United States as both government roles and individual relationships with the government vastly changed.

1. How did the role of the executive change during this period? Why did it change?
2. How did different individuals react to the Great Depression? Why was the response so varied?

Primary Sources:/Huey Long sources -
1. What does Long argue is wrong with the current plan of the government?
2. What does he suggest as an alternative?
3. How might Americans react to this idea? Would all agree?

a. What are the 3 functions of money? b. The one-dollar-bill in your pocket/purse is a fiat money. Why? c. List the 2 ways of measuring the money supply of the United States. In addition, list the components of each measurement of money supply. d. True or False : Of the 2 measurements of money supply, M1 is broader. (If you answer false, you must provide a corrected statement.) e. What is another term for time deposits? f. Fill in the Blank: Fifth Third Bank borrowed money from the Federal Reserve Bank of Cleveland. The interest rate charged by the Federal Reserve Bank is called _______________.

Airbus sold an A400 aircraft to Delta Airlines, a U.S. company, and billed $30 million pay- able in six months. Airbus is concerned about the euro proceeds from international sales and would like to control exchange risk. The current spot exchange rate is $1.05/€ and the six-month forward exchange rate is $1.10/€. Airbus can buy a six-month put option on U.S. dollars with a strike price of €0.95/$ for a premium of €0.02 per U.S. dollar. Currently, six- month interest rate is 2.5 percent in the euro zone and 3.0 percent in the United States.

1. Should a firm hedge? Why or why not?