Please answer the following questions (true/false)

1. The form and substance of a company's response to international market opportunities depend greatly on management's assumptions or beliefs about the nature of the world.

2. A patent is a distinctive motto that a manufacturer affixes to a particular product or package to distinguish it from goods produced by other manufacturers

3. The ethnocentric company is decentralized in its marketing management whereas the polycentric company is centralized.

4. Gray color is associated with high quality and expensive in the United States, whereas it is considered inexpensive in China and Japan

5. If a foreign country decides to take over banking business from private banks to benefit public and pays adequate payment then it is referred to as nationalization.

6. The term 'polycentric' describes management's belief or assumption that each country in which a company does business is unique

1. Last year LaCroix Optical had $145 million of sales, and it had $40 million of fixed assets that were used at 75% of capacity. Use this information to solve the next two problems.
   

1. (10 points) In millions, by how much could LaCroix Optical sales increase before it is required to increase its fixed assets?
   
   
   
2. (10 points) LaCroix Optical was approached by the Department of Defense (DoD)because of their ability to manufacture the lens required for night vision goggles. LaCroix Optical is the last remaining firm domiciled in the United States that can manufacture the night vision lens, and subsequently the DoD designated the company as essential critical infrastructure. The company’s sales are expected to approximately double after signing a DoD contract. How much additional financing will LaCroix Optical need?     

What are the four different types of market structures?

In two or more sentences provide at least 3 or more characteristics that separate a perfectly competitive market structure from a monopolistic market structure?

Which type of market structure has differentiated goods and services?

Identify at least one market structure that is predominant in the United States?

At what point do all four market structures maximize profits?

In one to two sentences explain, how a monopolistic market structure determines its optimal price and quantity?

Which type of market structure faces a perfectly elastic demand curve?

In two or more sentences, explain the difference between consumer surplus and producer surplus?

Given the graph below explain which triangle color represents consumer surplus and which triangle color represents

In a recent survey conducted by the Pew Research Center, a random sample of adults 18 years of age or older living in the continental united states was asked their reaction to the word socialism. In addition, the individuals were asked to disclose which political party they most associate with. Results of the survey are given in the table.

a) Explain why this data should be analyzed by the homogeneity of proportions.

b) Does the evidence suggest individuals within each political affiliation react differently to the word socialism? (Use the =0.05 level of significance.)

1. State the null and alternate hypothesis

2. Verify the requirements.

3. Calculate the test statistic.

4. Find the corresponding p-value.

5. State your conclusion.

1) How, if at all, is the geographic distance between countries related to the volume of trade between them? Is there a sense in which the world is becoming increasingly “flat,” as Thomas Friedman claims? Is there a sense in which it isn’t?

2) Why are some sectors more efficient when they operate on a large scale? In what sense might this phenomenon have made things for more difficult for sub-Saharan African countries that wish to reap the gains from trade?

3) Suppose workers within a country are identical. Is it possible that some will benefit from globalization while others are made worse off? Explain.

4) How, if at all, might technological catch-up in the emerging markets be a bad thing for the United States?Use the Ricardian model to argue your position.

Please answer the questions in as much detail as possible!

The article presents an analysis of the current outlook of the highest court in the United States. We often think of courts (and especially the Supreme Court) as dispassionate and thoroughly objective institutions. Yet as the text materials in Chapter One discuss, there are various schools of jurisprudence, some of whom try to examine the ways in which courts really operate. Robin Conrad and Ralph Nader have opposed views on the current court that appear prominently in the article.

Link to article: http://www.nytimes.com/2008/03/16/magazine/16supreme-t.html?_r=3&scp=2&sq=rosen+supreme+court+inc&st=nyt&oref=slogin&oref=slogin&oref=slogin

Describe their respective viewpoints. Does this article change your impression of the Supreme Court? Why or why not?

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:

What percentage of the variation in y can be explained by the corresponding variation in x and the least-squares line?

Group of answer choices

2.6%

0.3%

94.8%

0.1%

97.4%

In the following problem, check that it is appropriate to use the normal approximation to the binomial. Then use the normal distribution to estimate the requested probabilities. More than a decade ago, high levels of lead in the blood put 82% of children at risk. A concerted effort was made to remove lead from the environment. Now, suppose only 8% of children in the United States are at risk of high blood-lead levels.

(a) In a random sample of 220 children taken more than a decade ago, what is the probability that 50 or more had high blood-lead levels? (Round your answer to three decimal places.)

(b) In a random sample of 220 children taken now, what is the probability that 50 or more have high blood-lead levels? (Round your answer to three decimal places.)

Unemployment is one of the major macroeconomic issues that concern policy makers. Some economists have argued the main reason for a rise in unemployment during the great recession 2008/09 is a drop in labour demand.

1. Show the effects of a drop in labour demand curve using the labour supply and labour demand curves in the competitive equilibrium with perfect information. Can it predict a rise in unemployment?
2. Suppose now there is imperfect information, e.g. firms cannot perfectly observe workers’ effort. Explain how your answers to part (a) are changed.
3. Another reason why a drop in labour demand can imply a higher unemployment rate is the minimum wage law. Explain how it works using labour supply and labour demand curves. Can this be a main cause of the rise in aggregate unemployment during the great recession for the United States?

Using survey data to calculate statistics can be extremely valuable, but you must also make sure that the sample and questions are unbiased. Design a pair of questions that are related to the same healthcare issue: one that is unbiased and another that would result in a bias in one direction or the other.  

Examples:

1. Do you think that the rate of type II diabetes diagnoses will increase over the next 10 years?
2. Given the large increase in childhood obesity in the United States, do you think that type II diabetes diagnoses will increase over the next 10 years?

Discuss why it is important to create a truly unbiased sample and survey questions.

Do not state which of your own questions is biased and which is unbiased. Your peers will determine which is which in their responses to you.