1. Consider the “Energy Production and Use” figure from the U.S. Department of Energy, posted on BB.
   1. What is the largest source of energy in the U.S.?
   2. What fraction of the total U.S. energy production is represented by nuclear energy?
   3. What fraction of the total U.S. energy use is for transportation?
   4. What fraction of renewable energy production in the U.S. is used in the industrial sector?
   5. What fraction of our petroleum is for uses other than transportation?
   6. Which sector(s) rely on petroleum for more than half of their total energy need?
   7. If our production of coal is suddenly halted, which sector is hardest hit? By what fraction is the capacity of that sector be reduced?
   8. If our production of natural gas is suddenly halted, by what fraction would total energy use for the residential and commercial sector be reduced?

With your team, imagine that the United States slapped an anti-dumping duty of 30 percent on aircraft parts imported from China that it believed were being dumped in the U.S. market. Imagine that China then slapped a 35 percent countervailing duty on U.S. auto imports, saying that a recent federal bailout is tantamount to an unfair subsidy for U.S. automakers. You will need to do some research on anti-dumping and countervailing duty to discuss the questions.

1. What political, economic, or cultural motives do you think are behind the U.S. anti-dumping duty against China’s aircraft parts?

What motives do you think are behind China’s countervailing duty against U.S. autos?

2. Should countries experiencing economic difficulties be allowed to erect temporary tariff and non-tariff barriers? Explain.

13. An economy with extremely low interest rates that cannot be stimulated by further accommodative monetary policy is said to be: (a) in hyperinflation; (b) in a liquidity trap; (c) in equilibrium; (d) suffering from halitosis.

14. Which of the following is the best definition of an “economic expansion?” (a) growth in current dollar GDP over at least two consecutive quarters; (b) a period of sustained, accelerating gains in employment; (c) growth in real economic activity to a level greater than the peak of the previous business cycle; (d) a system characterized by an elastic monetary system.

15. If the U.S. dollar appreciates against the Japanese yen, we can expect: (a) an increase in the total cost of Japanese exports into the U.S.; (b) less U.S. import inflation; (c) stronger U.S. demand for the goods of, say, South Korea; (d) decreased purchases of Japanese stocks by U.S. investors.

16. Which of the following is most likely to be a “reserve currency?” (a) Canadian dollar; (b) Mexican peso; (c) U.S. dollar; (d) gold.

Classify each of the following as more likely to be on the demand or supply side of the exchange rate market for Australian dollars.

A U.S. firm Ford selling cars in Australia

Answer: (circle the correct answer)                                                                                    (3 points)

Demand     Supply

An Australian tourist Oliver visiting the U.S.

Answer: (circle the correct answer)                                                                                       (3 points)

Demand     Supply

A U.S. investor who seeks to invest in the Australian Kangaroo breeding business

Answer: (circle the correct answer)                                                                                       (3 points)

Demand     Supply

An Australian firm Rio Tinto selling metal in the U.S.

Answer: (circle the correct answer)                                                                                       (3 points)

Demand    

A U.S. tourist Jimmy visiting Australia

Answer: (circle the correct answer)                                                                                      (3 points)

Demand    

An Australian investor wishing to invest in the U.S. restaurant business

Answer: (circle the correct answer)                                                                                    (3 points)

   Supply

A currency speculator who thinks that the Australian dollar is going to strengthen

Answer: (circle the correct answer)                                                                                   (3 points)

Demand     Supply

Increases in the prices of services due to improvement in its quality indicate a(n) _____. a. decline in productivity. b. decline in real GDP. c. increase in output. d. decline in manufacturing output. e. increase in technological progress.

Suppose a bank has $850 million in vault cash and a deposit in the Fed of $100 million. If the bank’s required reserves equal $500 million, then the bank has excess reserves of: a. $100 million. b. $350 million. c. $400 million. d. $450 million. e. $500 million.

Assume that the yen price of one U.S. dollar rises to 80 yen and that the Bank of Japan has a target exchange rate of 75 yen per dollar. As a result, the Bank of Japan will intervene in the foreign exchange market by: a. selling U.S. dollars and buying yen. b. selling both U.S. dollars and yen. c. buying U.S. dollars and selling yen. d. buying both U.S. dollars and yen. e. buying U.S. Treasury securities.

Explain the probable result of the following events on the currency exchange rates below (assume all other factors stay constant).

A popular movie released in the United States, but set in Spain significantly increases the number of U.S. tourists visiting Spain.

    The euro will   (Click to select)   stay constant   appreciate   depreciate  relative to the U.S. dollar.

The Federal Reserve undertakes expansionary monetary policy by cutting interest rates.

    The U.S. dollar will   (Click to select)   stay constant   depreciate   appreciate  relative to other foreign currencies.

A destructive typhoon in the Philippines increases the demand for U.S. lumber to help rebuild the country.

    The U.S. dollar will   (Click to select)   appreciate   stay constant   depreciate  relative to Philippine peso.

Disputed election results in Thailand increase the threat of political instability.

    The Thai baht will   (Click to select)   appreciate   stay constant   depreciate  relative to U.S. dollar.

There is a new discovery of massive mineral deposits in Russia

    The Russian ruble will    (Click to select)   depreciate   appreciate   stay constant  relative to other currencies.

The Mexican government decides to repay its debts by printing large sums of currency.

    The U.S. dollar will   (Click to select)   appreciate   depreciate   stay constant  relative to the Mexican peso.

Reference: The Economics/Finance Section of the WSJ daily

Assume that voluntary enlistment into the U.S. Armed Forces does not ensure its full strength (i.e. ability to fight two wars simultaneously). Assume also that you are an economist who works for the U.S. Secretary of Defense. Your task is to determine a pay-raise in the (potential and existing) military personnel's salaries in order to ensure full strength of the U.S. Armed Forces. Furthermore, assume that the U.S. Armed Forces is forty percent (40%) short of its full strength and an empirical study found that own-price elasticity of supply coefficient for military service in U.S. is 2.25.

With the above information, by how many percent will the salary of military personnel in U.S. be raised so as to attract more potential enlistees (and retain the existing enlisted military personnel) and to ensure full strength of the U.S. Armed forces?

INSTRUCTIONS:

(1) Derive the answer to the (above) question Mathematically or Algebraically.

(2) Show all steps used in deriving your answer(s).

(3) Explain in detail, the economics of your derived answer.

(4) Use the appropriate steps and formula in deriving your answer(s).

(5) Discuss the weakness(es) or the shortcomings of using this type of technique in public policy practice.

6. Most of the laws enacted that affect nutrition, food, and health are passed to the U.S. Department of Agriculture (USDA) or the U.S. Department of Health and Human Services (DHHS) for implementation in public health services.

True

False

7. Students enrolled in a community nutrition course were required to identify the government agency responsible for administering nutrition monitoring and other nutrition surveillance activities of the DHHS, which is known as:

A) Centers for Disease Control and Prevention.

B) U.S. Department of Treasury.

C) U.S. Department of Health and Human Services.

D) U.S. Department of Agriculture.

E) U.S. Department of Education.

8.The U.S. judicial branch:

A) interprets the laws and settles legal disagreements.

B) includes the president and presidential cabinet.

C) All of these are correct.

D) None of these is correct.

9. Nutrition research, nutrition monitoring, and which of the following are all intertwined by a complex set of interrelationships?

A) Nutrition education

B) Nutrition policy

C) Nutrition management

D) Nutrition lobbyists

10. Which of the following increases the Academy of Nutrition and Dietetics’ visibility and access to public policymakers, consequently increasing the power of dietetics professionals’ views on important legislative issues?

A) Grassroots liaison committee

B) Legislative network coordinators

C) Political action committee

Read the following article.

U.S. Pork Prices Hit Multi-Year Low

MINTEC, 10 Sept 2018

Pork prices in the U.S. have fallen sharply since June, with August prices 40% lower month-over-month, which shows that pork prices are falling at a more significant rate than the historical average.

Current prices are at a multi-year low why are prices falling faster than expected?

First, pork production is currently higher than last year, with low feed costs stimulating production. Additionally, the introduction of three new packing plants in Minnesota, Iowa and Michigan in late 2017 meant herds grew to meet the new packing capacity.

Along with increasing pork volumes in the U.S. market, rising supplies of beef and poultry mean that there are vaster meat supplies to compete for consumer spending with, eventually weighing down on pork prices.

But perhaps most significant, retaliatory tariffs from China on U.S. pork are driving down prices. The export market is a substantial destination for U.S. pork. In particular, China is a top consumer of U.S. pork, this retaliatory policy has hampered U.S. export growth further.

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Some factors could affect the demand for and supply of pork in the U.S.

Draw THREE separate demand-and-supply diagrams for each of the factors mentioned in the above article, and show their respective impacts on the market price and quantity of pork in the U.S. State clearly which factors or events are associated with the changes in demand or supply in each of your three diagrams. Briefly explain your answer.

*****Microeconomics******Please clearly answer the question with detailed steps*******I just started to learn microeconomics***please assist me, thank you