A paper described a survey of 501 undergraduate students at a state university in the southwestern region of the United States. Each student in the sample was classified according to class standing (freshman, sophomore, junior, or senior) and body art category (body piercings only, tattoos only, both tattoos and body piercings, no body art).

Use the data in the accompanying table to determine if there is evidence of an association between class standing and response to the body art question. Assume that it is reasonable to regard the sample of students as representative of the students at this university. Use

α = 0.01.

Calculate the test statistic. (Round your answer to two decimal places.)

χ² =

What is the P-value for the test? (Round your answer to three decimal places.)

P-value =

16.5 Ethics Case M.R. Watters was the majority shareholder of several closely held corporations, including Wildhorn Ranch, Inc. (Wildhorn). All these businesses were run out of Watters’s home in Rocky Ford, Colorado. Wildhorn operated a resort called the Wildhorn Ranch Resort in Teller County, Colorado. Although Watters claimed that the ranch was owned by the corporation, the deed for the property listed Watters as the owner. Watters paid little attention to corporate formalities, holding corporate meetings at his house, never taking minutes of those meetings, and paying the debts of one corporation with the assets of another. During a vacation visit, two guests of Wildhorn Ranch Resort drowned while operating a paddleboat at the ranch. The family of the deceased guests sued Watters to recover from Watters. Is Watters personally liable in this case? Geringer v. Wildhorn Ranch, Inc., 706 F.Supp. 1442, 1988 U.S. Dist. Lexis 15701 (United States District Court for the District of Colorado)

QUESTION 1

On July 30^th 2009, The Federal Reserve through the Federal Reserve Bank of New York purchased $6.496 billion of Treasury Securities. This open market purchase of securities will:

QUESTION 42

Reserves are equal to the sum of

QUESTION 3

Reserves that Bank XYZ holds at a Federal Reserve Bank would be an asset of Bank XYZ.

True

False

QUESTION 4

The Federal Reserve of the United States has done which of the following to its balance sheet in response to the financial crisis of 2007-2009:

Suppose Canada can produce 20 units of Oil and 0 units of potatoes if it chooses to only produce Oil. Otherwise, Canada can produce 50 potatoes and 0 units of oil if it only chooses to produce potatoes. The United States on the other hand can produce 25 units of oil (and 0 units of potatoes) if it choose to produce only oil and 100 units of potatoes and 0 units of oil if it chooses to produce only potatoes.

A.) What is the opportunity cost of 1 potato for the U.S.? For Canada?

B.) What is the opportunity cost of 1 oil for the U.S.? For Canada?

C.) Who has the absolute advantage in the production of Oil? Potatoes?

D.) Who has the comparative advantage in the production of Oil? Potatoes?

E.) Suppose the U.S. has decided to be self sufficient and is producing 10 units of oil and 40 units of potatoes. Is there anyway that the U.S. increase its consumption of goods outside its production possibilities frontier (for example, consume more potatoes without changing the consumption of oil)?

Given U.S.: International strategy for cyberspace- policy priorities:

sustain a free trade environment

protect intellectual property

primacy of interoperable and secure tech standards, determined by technical experts

promote cooperation

reduce intrusions/disruptions of us networks

robust capabilities for infrastructure

cybercrime policy development

budapest convention on cybercrime

combating illegal activities/not restricting access to the internet

denying terrorists/others the ability to exploit the internet for attack planning

adapt military needs for reliable and secure networks

enhance military alliances in cyberspace

pristine opens and innovation

preserve global security/stability including dns

promote and enhance internet governance issues

build cybersecurity talent globally

develop and share best practices

support civil society/freedom of information/expression

encourage international cooperation for effective commercial data

privacy protection

end-to-end interoperability of an internet accessible to all

Are the policy priorities outlined by the United States where the government's focus should be with regard to shaping the cybersecurity environment? Explain.

42. Assume the required reserve ratio is 20 percent and the FOMC orders an open-market purchase of $100 million in government securities from member banks. If the oversimplified money multiplier is assumed, then the money supply will

43. In the mid-1990s, real interest rates fell in the United States. This was the result of budget deficit

48. An expansionary monetary policy will

49. The Fed has which of the following as its strongest control over the money supply?

Before addressing the following questions, you will first need to collect some data! Use online websites (such as Wikipedia) to find economic data for Japan, USA, India, Italy, Iraq, and Mexico. Specifically, find recent data for per capita GDP and government debt-to-GDP ratio.

1. Based on the data collected, do you think that debt is a problem faced by economically advanced countries, undeveloped countries, or both? Justify your answer.
2. The United States government has a 100% repayment rate—it has always repaid its debt. Given what we know about risk and return, do you think the USA is generally charged high or low interest rates on borrowing money? Similarly, do you think Iraq (a poor and economically unstable country) is likely to pay high or low interest rates on loans?
3. Explain the concept of “crowding out”. Based on the data collected, which of these countries likely has the most extensive “crowding out”? Explain.

The purpose of this assignment is to practice economic theories related to saving, investment, and the financial system

Are Future Budget Deficits a Threat to the​ Economy?

Congress gives the Congressional Budget Office​ (CBO) the responsibility of estimating the effects of federal spending and taxing policies on the economy. An Associated Press news story on a CBO report noted that federal budget deficits in the United States were likely to increase in future years. According to the​ CBO, these higher deficits might​ "pose a threat to the economy by crowding out business investment and threatening a spike in interest​ rates."

​(Source: Andrew​ Taylor, "CBO: Deficits to Drift Lower on Lower Health​ Costs," Associated​ Press, April​ 14, 2014.)

a. What did the CBO mean by a​ "spike in interest​ rates"? Why might increased federal budget deficits lead to a spike in interest​ rates? Illustrate your answer with a graph.

b. Is the spike in interest rates connected to crowding

​out? Why might crowding out be considered a threat to the​ economy?

According to the National Automobile Dealers Assoc., 75% of U.S. car dealers' profits comes from repairs and parts sold. However, many of the dealerships' service departments aren't open evenings or weekends. The percentage of dealerships opened during the evenings and weekends are as follows:

a. Are the listed times mutually exclusive?

b. What is the probability that a car dealership selected at random is not open in the evenings or on the weekends?

c. Suppose two car dealerships, say, Dealership A and Dealership B, are each selected at random from car dealerships in the United States. What is the probability that both are open in the evenings but not on the weekends, or that both are open on the weekends but not in the evenings?

d. For the two dealerships in part c, what is the probability that Dealership A is open in the evenings but not on the weekends, and Dealership B is open on the weekends but not in the evenings?

e. For the two dealerships in part c, what is the probability that one of them is open in the evenings but not on the weekends, and that the other is open on the weekends but not in the evenings?