Janet Yellen, the Federal Reserve Chairman, is often times called the second most important person in the United States or even the world, after the president of the United States. However, she was not elected. The chairman does not have to obey any elected official, even the president. Do you believe that the independence of the Federal Reserve Chairman is beneficial to the country? Why or why not? Be sure to cite at least two reasons.

Based on annual driving of 15,000 miles and fuel efficiency of 20 mpg, a car in the United States uses, on average, 700 gallons of gasoline per year. If annual automobile fuel usage is normally distributed, and if 26.76% of cars in the United States use less than 480 gallons of gasoline per year, what is the standard deviation?

Round your answer to 2 decimal places, the tolerance is +/-0.05.

Determine your thesis as to whether United States foreign policy decisions should be based on ideals or self-interest. Write a one-page, double-spaced response to the question: United States foreign policy should be based on ideals or self-interest? Include in your answer a brief description of the cyclical nature of U. S. foreign policy, and taking into account the continuity principle as explained in your text.

Mary owns a U.S. based company and wants to open a store in Japan. She will have to exchange her USD for Yen in order to finance the rent and payroll. Which of the following situations would put her at the greatest advantage as far as the exchange rates go?  

During the Cold War, United States foreign policy was dominated by the idea of containing the Soviet Union and the expansion of communism worldwide. Define our strategy of containment and then identify and explain at least three specific incidents (Do not include the Cuban Missile Crisis as one of the three) of how the United States acted (or reacted to a crisis) within the strategy of containment to check the advance of Soviet communism during the Cold War.

An importer from the United States who owes a Belgian company 500,000 euros payable in 30 days, anticipates that the United States dollar will depreciate in that period.

What would you recommend doing to the importer?

Buy euros now or wait for the debt due date?

What would happen to the importer's utility if, having followed his advice, the dollar appreciated instead of depreciating as the importer had anticipated?

1. How have the low wages paid in developing country manufacturing operations affected the number of manufacturing jobs in the high-wage Triad countries? (The Triad refers to the three centers dominating the world economy until the late 1990's: the United States (US), the European Union (EU) and Japan (JP).
2. If higher wages in toy factories led to higher prices in the United States for toys, how would it affect the toy industry?
3. a. What can the companies do to ensure that human rights standards are upheld for works both inside and outside their home countries?
4. b. Do you think toy company executives – in Japan, the United States, and elsewhere - should take steps to ensure safety and welfare of factory workers in developing countries? Why or why not?

1)Suppose that inflation in the US is 2 percent and 10 percent in Mexico. Suppose Mexico is expected to experience a 5% real depreciation against the US. What is the expected rate of nominal appreciation or depreciation of the peso relative to the dollar?

2) Consider a world with two countries, the United States and Europe.Prices are perfectly flexible and APPP holds at all times. The money supply at this moment in the United States is $1,000,000, real output in the United States is 1,000 baskets. The money supply at this moment in Europe is €500,000 and real output in Europe is 1,000 baskets.Nominal interest rates, and liquidity demand for money are the same in both countries.

- What is the exchange rate written in European terms?

- Suppose that European output expands to 2,000 baskets but nominal interest rates stay the same , what happens to the price level in Europe?