1. Minimum-wage laws

Select one:

a. affect highly-educated workers more than high school dropouts.

b. cause labor shortages, which further raise wages above equilibrium.

c. reduce unemployment.

d. None of the above is correct.

2. The natural rate of unemployment

Select one:

a. (i) and (ii) only

b. (iii) only

c. (i), (ii), and (iii)

d. None of the above is correct.

3. Reserve requirements are regulations concerning

Select one:

a. the amount of reserves banks must hold against deposits.

b. reserves banks must hold based on the number and type of loans they make.

c. the interest rate at which banks can borrow from the Fed.

d. the amount banks are allowed to borrow from the Fed.

4. When conducting an open-market purchase, the Fed

Select one:

a. buys government bonds, and in so doing decreases the money supply.

b. buys government bonds, and in so doing increases the money supply.

c. sells government bonds, and in so doing decreases the money supply.

d. sells government bonds, and in so doing increases the money supply.

The attached MS-Excel file contains data on the contains data the bus fleet of the Buena School district. Download the file and analyze the characteristics of the Buena Bus fleet.

1. Sort the data by type of Bus Manufacturer and calculate the Average Cost of Maintenance for each Manufacturer
2. Sort the data by Fuel Type and calculate the cost of Maintenance and the Average Mileage by each fuel type of fuel
3. Present your results in a table and a chart. Cut and paste your chart and table into MS-Word and attach your results.

The attached MS-Excel file contains data on the contains data the bus fleet of the Johnson Bus Fleet. Download the file and analyze the characteristics of the Johnson Bus fleet.

a.Sort the data by type of Bus Manufacturer and calculate the Average Cost and Standard Deviation of Maintenance for each Manufacturer

b. Sort the data by Fuel Type and calculate the cost of Maintenance and the Average Mileage and Standard deviation of mileage by each fuel type of fuel

c. Present your results in a table. Cut and paste your chart and table into MS-Word and attach your results.

The attached MS-Excel file contains data on the bus fleet of the Buena School district. Download the file and analyze the characteristics of the Buena Bus fleet.

a. Sort the data by type of Bus Manufacturer and calculate the Average Cost of Maintenance for each Manufacturer

b. Sort the data by Fuel Type and calculate the cost of Maintenance and the Average Mileage by each fuel type of fuel

c. Present your results in a table and a chart. Cut and paste your chart and table into MS-Word and attach your results.

Your firm designs, manufactures, and markets children’s toys for sale in the U.S. Almost90% of your production is done in China. During the 1990s, U.S. relations with China improved.Even though there were many disagreements between the two countries, the United Statesgranted normal trade status to China and supported China’s membership in the WTO in 2001.Your firm invested heavily in China during that time. You have developed close ties to Chinesesuppliers and have come to depend greatly on inexpensive Chinese labor and the lower costs ofdoing business therYou are now concerned about increasing political tension between China and the United Statesover a variety of issues: China’s s treatment of the Tibetan people, reports about the use of prisonlabor to manufacture goods for export, China’s population policies, and differences over relationswith communist North Korea. The United States has also accused China of corporate and industrial
espionage in the United States to obtain scientific, industrial, and trade secrets, and of hackinginto corporate and government computer networks. There are also disagreements over China’s
censorship of Internet search providers, and over the protection of U.S. intellectual property rightsin China. The United States is also concerned with China’s tax policies, which are said to discriminate against imported goods, and also with China’s state subsidies to domestic industry.
The U.S. accuses China of currency manipulations of the yuan, making Chinese goods unfairly cheap in foreign markets and imports into China artificially expensive. Most worrisome is the potential for conflict over Taiwan, with which the United States has had a mutual defense pact for 60 years. China claims Taiwan under its “One China” reunification policy, while accusing the United
States of fostering “independence” there. Despite the issues, both countries recognize their deep economic reliance on each other
Provide a conclusion about us and China trade issues by analysing the above statements and provide suitable recommendations for avoiding them? provide answer with 1 academic reference?

A. Recall that Benford's Law claims that numbers chosen from very large data files tend to have "1" as the first nonzero digit disproportionately often. In fact, research has shown that if you randomly draw a number from a very large data file, the probability of getting a number with "1" as the leading digit is about 0.301. Now suppose you are an auditor for a very large corporation. The revenue report involves millions of numbers in a large computer file. Let us say you took a random sample of n = 217 numerical entries from the file and r = 50 of the entries had a first nonzero digit of 1. Let p represent the population proportion of all numbers in the corporate file that have a first nonzero digit of 1.

(i) Test the claim that p is less than 0.301. Use ? = 0.05.

(a) What is the level of significance?

(b)   What is the value of the sample test statistic? (Round your answer to two decimal places.)

(c) Find the P-value of the test statistic. (Round your answer to four decimal places.)

B. Is the national crime rate really going down? Some sociologists say yes! They say that the reason for the decline in crime rates in the 1980s and 1990s is demographics. It seems that the population is aging, and older people commit fewer crimes. According to the FBI and the Justice Department, 70% of all arrests are of males aged 15 to 34 years†. Suppose you are a sociologist in Rock Springs, Wyoming, and a random sample of police files showed that of 39 arrests last month, 22 were of males aged 15 to 34 years. Use a 5% level of significance to test the claim that the population proportion of such arrests in Rock Springs is different from 70%.

(a) What is the level of significance?

(b) What is the value of the sample test statistic? (Round your answer to two decimal places.)

(c) Find the P-value of the test statistic. (Round your answer to four decimal places.)

What better way to start the fall semester but with a discussion of the importance of productivity (see Chapter 1, pages 13-18). There we write: “only through increases in productivity can the standard of living improve.” For well over a century, the U.S. has been able to increase productivity at about 2.5% per year, meaning U.S. wealth doubled every 30 years. But in the past decade, the news is not good. As The Wall Street Journal’s (Aug. 10, 2016) front page headline declares: “Productivity Fall Imperils Growth.”

This longest slide in worker productivity since the late 1970s is haunting the U.S. economy’s long-term prospects. Productivity in the 2nd quarter was down 0.4% from a year earlier, the first annual decline in 3 years. That was a further step down from already tepid average annual productivity growth of 1.3% in 2007 through 2015, itself just half the pace seen in 2000 through 2007, and the trend shows little sign of reversing. Productivity has slowed dramatically since the information technology-fueled boom of the late 1990s, when strong productivity gains translated into robust growth for household incomes and the overall economy.

Adds Fed Chair Janet Yellen: “the outlook for productivity growth is a key uncertainty for the U.S. economy and a very difficult question that has divided the economics profession. Some are relatively optimistic, pointing to the continuing pace of innovations that promise revolutionary technologies, from genetically tailored medical therapies to self-driving cars. Others believe that the low-hanging fruit of innovation largely has been picked and that there is simply less scope for further gains.”

Throughout our text we examine how to improve productivity through operations management.

Classroom discussion questions:

1. Why is productivity important to OM managers?
2. What can be done to raise productivity levels in a company? In a country?

1. Discuss the effect of the following variables on merger activity:

The growth rate of GDP

Interest rate levels

Interest rate risk premiums

Monetary stringency

2. What percentage of gross domestic product is represented by M&A activity?

3. How do bidder returns vary with (1) the mode of payment and (2) the presence of single versus multiple bidders?

4. How does the presence of single versus multiple bidders affect the returns to the target (1) on the announcement date versus (2) subsequent to the announcement date?

5. Define target run-up? What are some possible reasons for run-up?

6. How might a premium paid for target firms be expected to vary with single versus multiple bidders?

7.How do bidder returns vary with (1) the mode of payment and (2) the presence of single versus multiple bidders?

8. What is the evidence on postmerger operating performance? How does this evidence relate to the event study results for combined returns at merger announcement?

9. What does the evidence of merger returns around banking deregulation say about the source of gains from takeover activity?

10. What are the theoretical predictions on combined merger returns for the (1) efficiency and (2) entrenchment theories? Which theory is supported by the empirical evidence on combined returns?

11. What are some possible reasons for the decline in takeover activity at the end of the 1980s and beginning of the 1990s

12. What is the evidence on postmerger operating performance? How does this evidence relate to the event study results for combined returns at merger announcement?

13. How do the estimation issues differ between event studies of merger announcement and the analysis of the long-term performance following mergers?

14. What is the evidence on the market power explanation for merger announcement gains?

15. What are some reasons why deregulation is associated with heightened merger activity?

7.

The Barings Bank was one of the world's oldest merchant bank and had problems with rogue trading in the middle of the 1990s. Nick Leeson was floor manager for trades in Singapore as well as head of settlement operations, thus he was able to settle his own trades, bypassing the bank’s own internal controls. Whilst trading, Nick Leeson supposedly made $10 million profit in the first week of February 1995 for the bank. This humongous profit caught the attention of other staff members in the bank. For instance, Mike Killian, who was the head of Global Futures and Options Sales, knew that the whole of Barings bank was making about GBP 200 million a year. If Nick Leeson carried on making such a profit throughout the year it would be half a billion dollars a year profit! Accordingly, to some sources, Mike said that if Nick is doing that amount of business for that amount of profit, then they should shut down the rest of the bank because they were just overheads.4 Due to Nick's rogue trading, the bank went bankrupt in 1995.5

a) Mike Killian was cynical that one person alone was making more money than all the rest of Barings Bank staff. Questioning the reliability of information and being alert to conditions that may indicate possible fraud is an attitude expected from auditors. What is the name of this professional attitude and what is its use of it in the role of auditors?

b) Nick Leeson was floor manager for trades as well as head of settlement operations. This means that he was able to settle his own trades, bypassing the bank’s own internal controls. Considering the Code of Ethics for Professional Accountants, which kind of threat to independence does this relate to? Describe this threat and suggest one safeguard Barings bank could have implemented to eliminate or reduce this threat.

c) Before going bankrupt in 1995 Barings bank had an unqualified audit report. What does that mean regarding audit expectation-performance gap? How does an unqualified audit report relate to the bank going bankrupt?

Task 1: HTML and CSS

Create a website using HTML5 and CSS3 only. Website theme can be anything you want: a country, a town, a place, a hobby, people (yourself, your family...), pets, flowers, food, or anything that you find interesting or useful. It may be about real people/places/things or fictitious.

Part 1: Content (HTML)

After you decide the theme of your website, create HTML pages with the content you want to present. Remember to separate content from presentation. The content is placed in the HTML files, and the layout and style will be defined using CSS (see part 2). Your website must include (at least):

• 3 html pages:
  • index.html: this is the landing page (must be named index.html). The landing page is the first page a visitor will see when visiting your website.
  • another html page (any name)
  • yet another html page (any name)
• a typical layout using semantic tags (header, nav, footer, article...)
• page titles for each html page (titles show on the title bar/tabs)
• different size headings
• images:
  • at least 5 images in one html page,
  • the other pages may have any number of images (or none).
  • make sure all image paths are relative (not absolute)
• internal links:
  • links from index.html to the other html pages you created
  • links from all the other pages back to index.html
  • make sure all internal links are relative links (not absolute)
• external links:
  • at least two links to external websites (pages that you did not create).
  • external links should open in a new tab/window.
• a list (ordered or unordered)
• a table (with some relevant data)
• your copyright info at the footer (with the © symbol).
• classes and id's as needed (for styling with css)

Do not forget to make your pages accessible. You should double-check your code to make sure you are not missing closing tags, etc. and test it using different browsers. Focus on making your pages syntactically and semantically correct.

Part 2: Style (CSS)

You'll create an external stylesheet (css) to style the html pages you created in part 1. Name this file main.css.

All html pages should link to the same main.css file. You must use a variety of selectors and properties presented in chapters 4 and 5, including:

• font family, size, color, background color of text and headings, font color for links (make sure visited and unvisited links are displayed in different colors)
• positioning elements
• special effects or animations
• a navigation menu

Part 3: An alternate style (CSS)

You'll create a different CSS file, with different style and layout rules, to make your HTML pages look completely different (without making any changes to the HTML files).

• Name this css file alternate.css.
• Do not create new html files. You may change the name of the css linked in the html <head> section back and forth (while testing).
• Before submitting, make sure all html files link to main.css (we'll change it when testing).