David Ricardo was the first economist to elaborate the theory of comparative advantage in his book On the Principles of Political Economy and Taxation. Ricardo wrote:

Under a system of perfectly free commerce, each country naturally devotes its capital and labour to such employments as are most beneficial to each. This pursuit of individual advantage is admirably connected with the universal good of the whole . . . It is this principle, which determines that wine shall be made in France and Portugal, that corn shall be grown in America and Poland, and that hardware and other goods shall be manufactured in England. (1817, p. 188)

Read more at On the Principles of Political Economy and Taxation

Think about the 10-year historical period of 2000-2010. Identify trade policies of the time and discuss the following points:

• What are the main goods and services the United States traded internationally?
• What trade barriers were in place during that decade?
• What are two pros and two cons of the trade barriers used?

Genetically modified organisms are not new. According to the USDA, in 2009, 93 percent of soy, 93 percent of cotton and 86 perfect of corn grown in the United States was GMO. However, in 2010, life on earth as we currently understand it, changed. By inserting computer-designed genetic material into a bacterial cell, scientist created an entirely new strain of bacteria, a new life form, the world's first synthetic cell. In annoucing his creation, scientist Craig Venter called if the first life on earth "whose parent was a computer."

1. Do you favor the creation of GMO crops? Defend your answer.

2. Do all GMO products need to be labeled as such?

3. Are we really ready for a life form whose parent is a computer?

4. What precautions would you like to see put in place-perhaps a suicide gene implanted in these new life forms to assure us that they cannot survive outside the lab?

You are the international manager for an American MNC that specializes in high-end winter sports gear. You have been asked to profile a country in the European Union and make a recommendation for entry. Using the readings, Lecture, and your own research, complete a report, as an international manager, to submit to your CEO. This writing assignment should be completed in the standard APA format. Upload the assignment to the proper assignment folder. You need to include the following elements for your chosen EU country:

• The economic, political, legal, and technological environment (as it relates to your company and industry)
• A plan for social responsibility and sustainability
• A country profile (using either Hofstede of Trompenaars) and its similarities and differences to the United States
• Recommendations for cross-cultural communication and negotiations
• An entry strategy
• Political risk and government relations
• A plan for motivating and leading workers in the EU country (incorporate motivational theory)
• A plan for selecting an expatriate in the position of VP, Operations.

The Zagat Restaurant Survey provides food, decor, and service ratings for some of the top restaurants across the United States. For 21 restaurants located in a certain city, the average price of a dinner, including one drink and tip, was $48.60. You are leaving on a business trip to this city and will eat dinner at three of these restaurants. Your company will reimburse you for a maximum of $50 per dinner. Business associates familiar with these restaurants have told you that the meal cost at one-third of these restaurants will exceed $50. Suppose that you randomly select three of these restaurants for dinner. (Round your answers to four decimal places.)

(a)

What is the probability that none of the meals will exceed the cost covered by your company?

(b)

What is the probability that one of the meals will exceed the cost covered by your company?

(c)

What is the probability that two of the meals will exceed the cost covered by your company?

(d)

What is the probability that all three of the meals will exceed the cost covered by your company?

Mr. H is a 30-year-old man. He was riding his bike to work and was struck by a vehicle traveling at 35 miles per hour.  He was comatose with a GCS 7 upon arrival to the ED.

1. What are the leading causes of traumatic brain injury in the United States?  Describe important teaching points in prevention of a TBI.  

2. Traumatic brain injury can be classified into primary brain injury and secondary injury, describe the differences in the two types of injury.  List common types of injury of each.

3. Outline the different components of assessing a patient with a traumatic brain injury.

4. Describe the initial management of a patient with a traumatic brain injury.

5. What are the cardiovascular complication and pulmonary complications from a traumatic brain injury?  Describe the nurse’s role in prevention.  

6. TBI carries a high mortality rate and brain death is an important diagnosis to understand.  Describe what the term brain death means and how the nurse can help the family through this difficult time.

Citrus Girl Company (CGC) purchases quality citrus produce from local growers and sells the produce via the Internet across the United States. To keep costs down, CGC maintains a warehouse, but no showroom or retail sales outlets. CGC has the following information for the second quarter of the year:

1. Expected monthly sales for April, May, June, and July are $280,000, $250,000, $370,000, and $150,000, respectively.
2. Cost of goods sold is 30 percent of expected sales.
3. CGC’s desired ending inventory is 25 percent of the following month’s cost of goods sold.
4. Monthly operating expenses are estimated to be:

• Salaries: $36,000
• Delivery expense: 5 percent of monthly sales
• Rent expense on the warehouse: $7,500
• Utilities: $1,500
• Insurance: $150
• Other expenses: $250

Required:

1. Compute the budgeted cost of purchases for each month in the second quarter.

2. Complete the budgeted income statement for each month in the second quarter.

Following are the number of miles traveled for 30 randomly selected business flights within the United States during 1999.

1095, 925, 1656, 1605, 1503, 1928, 2030, 1418, 500, 1248,
2047, 1027, 1962, 1027, 1197, 1928, 874, 1367, 1129, 1401,
874, 602, 1503, 1469, 636, 1503, 925, 1384, 874, 704

a) Use the data to obtain a point estimate for the population mean number of miles traveled per business flight, μ, in 1999.
Note: The sum of the data is 38341.

b) Determine a 95.44% confidence interval for the population mean number of miles traveled per business flight in 1999. Assume that σ=450 miles. Confidence interval: ( ,  ).

c) Must the number of miles traveled per business flight in 1999 be exactly normally distributed for the confidence interval that you obtained in part (b) to be approximately correct?

d) What theorem helped you answer part (c)?

1. The Washington Post article explains that LinkedIn earns revenue mainly in three ways. Which of the following is NOT one of them?

2. LinkedIn helps people find jobs in the following ways:

Citrus Girl Company (CGC) purchases quality citrus produce from local growers and sells the produce via the Internet across the United States. To keep costs down, CGC maintains a warehouse, but no showroom or retail sales outlets. CGC has the following information for the second quarter of the year:

1. Expected monthly sales for April, May, June, and July are $220,000, $190,000, $310,000, and $90,000, respectively.

2. Cost of goods sold is 30 percent of expected sales.

3. CGC’s desired ending inventory is 20 percent of the following month’s cost of goods sold.

4. Monthly operating expenses are estimated to be:

Salaries: $30,000.

Delivery expense: 4 percent of monthly sales.

Rent expense on the warehouse: $4,500.

Utilities: $800.

Insurance: $175.

Other expenses: $260.

Required:

1. Compute the budgeted cost of purchases for each month in the second quarter.

2. Complete the budgeted income statement for each month in the second quarter.