Use a figure and words to explain the following: What is meant by saying that a country’s exchange rate is overvalued? Also briefly state:

(a) Why should it be surprising to find that a country trying to protect its domestic industries from import competition has an overvalued exchange rate?

(b) Why did countries following import substitute industrialization policies nonetheless often have overvalued exchange rates?

Explain the process of binning as it relates to use of a CCD detector. What are the possible advantages and disadvantages of using binning? Include a useful diagram.

The idea is about genetic testing not about getting a specific answer.

In a genetics experiment of a pathway, loss of function in gene X or gene Y causes a blue phenotype, and loss of function in gene Z causes a green phenotype.

What experiments could you use to find the order and regulatory relationships of all the genes? Assume you have all the types of alleles you would want and explain what you would observe in your experiment if gene X --| gene Z --| gene Y.

You then find a loss of function mutant called mutant M that expresses a green phenotype. How would you figure out using only a classic genetic test if mutant M is a new allele of gene Z or if it is an allele of a new gene?

Assume your boss is an important policymaker/decision-maker, but might not understand the economics behind his/her decisions and policies. For each of the following, brief the decision-maker on what he/she needs to know about macroeconomics to make better decisions in the given situations. Use equations, graphs, and discussion.

Policy Topic: We live in a poor country. Would boosting the savings rate fix everything?

If a country increases its savings, it would have more to spend on capital investment, and thus help its production, GDP, and per capita output. Yes?Explain what our different development models would tell policymakers in poor countries about their savings.Use math, graphs, and discussion. In particular, consider both the Solow model and the endogenous growth model,

Topic: Job Costing System versus Process Costing System

Please clearly and concisely explain the following?

1. What is a job costing system? Describe several characteristics of the job costing.

2. Describe two companies that use a job costing system. Be sure to explain how it is used.

3. When are companies likely to use a job costing system and explain your reasonings.

4. What is process costing system? Describe several characteristics of the process costing system.

5. Describe two companies that use a process costing system. Be sure to explain how it is used.

6. When are companies likely to use a process costing system and explain your reasonings.

Based on what you have learned this semester, state whether you believe this perceived change in work/life balance is a good thing or a bad thing from both the employee's viewpoint and that of the organization. In your response, also explain the impact such a change might have on employee compensation systems.

1.What type of accounting method do corporations use? What about partnerships?

2. What is the difference between Ordinary Business Income and Portfolio Income? Name some types of income that would qualify for each category

3. What is the difference between Business interest Expense (IRC 163j) and Investment Interest Expense (163d)? What are the limitations on both?

4. The “fun size” of a Snickers bar is supposed to weigh 20 grams. The manufacture calibrates the machine so that the mean is 20.1 grams. The quality-control engineer takes a random sample of 11 candy bars and finds the weights in grams are:
   19.68, 19.98, 20.55, 21.50, 20.66, 20.65, 20.36, 19.74, 19.56, 19.61, 21.02
   Suppose that the standard deviation of the weight of the candy was 0.75 grams before a machine recalibration. The engineer wants to know if the recalibration resulted in more consistent weights. Conduct the appropriate test at the alpha = 0.05 level of significance. To answer this, complete the following steps.
   (a) State the appropriate Null Hypothesis and Alternate Hypotheses
   (b) From the table of data, find the sample standard deviation.
   (c) Find the appropriate Test Statistic
   (d) Complete your analysis, finding and comparing any necessary values, and explain what your results determine about the hypothesis statements for this situation.

Suppose that, in country of Wonderland, the inflation is at a relatively high level and its

unemployment rate is at a historic low. At the same time, a low interest rate environment

is spurring businesses to hire more workers and invest in new facilities.

1) Why might the central bank of Wonderland be worried about these

developments?

2) Given the circumstances, what would countercyclical monetary policy seek

to accomplish? Explain at least two mechanisms that the central bank can use to

implement this policy.

3) Based on your answers to part 1) and 2), do you think this countercyclical

policy would be enacted if central bankers were appointed by popular vote? What

would happen if they were political appointees that could be hired and fired by the

President of Wonderland? Explain.