1. When the Federal Reserve decreases the required reserve ratio,

A.The money supply will increase.

B.The money supply will decrease.

C.There is no effect on the money supply.

D.Not enough information is given.

2. The United States is divided into ___ Federal Reserve Districts. The Federal Reserve Bank's Board of Governors consists of ___ members appointed by the president of the U.S. to 14-year, non-renewable terms. One of the board members is appointed to a ___ year, renewable term as the chairman.

3. To increase the money supply, the FOMC directs the trading desk, located at the Federal Reserve Bank of New York, to

A.buy U.S. dollars in the foreign exchange market.

B.print U.S. Treasury securities and distribute them to banks.

C.sell U.S. Treasury securities to the public.

D.buy U.S. Treasury securities from the public.

4. By raising the discount rate, the Fed leads banks to make _________ loans to households and firms, which will _________ checking account deposits and the money supply.

A.fewer; decrease

B.more; decrease

C.more; increase

D.fewer; increase

5. Based on the quantity theory of? money, if velocity is? constant, inflation is likely to occur? when:

A.The money supply grows at a faster rate than real GDP.

B.The money supply and inflation are unrelated.

C.The money supply grows at the same rate as real GDP.

D.The money supply grows at a slower rate than real GDP.

Using its three monetary tools, explain how the Fed can increase the money supply. Make sure to explain how each monetary tool is used to increase the money supply. What is the Fed's preferred tool of monetary policy??

Question 1 In the lectures videos, we identified three tasks any collusive arrangement or cartel would need to accomplish if they were going to be successful in raising price above the competitive level for an extended period of time. List these three tasks and describe why each task is important in the cartel’s efforts to keep price above the competitive level (that is, discuss the role each plays in getting and/or maintaining a higher than competitive price).

Question 2

A cartel can also work to limit other forms of competition, such as advertising, hiring rules, geographic limitations on sales, etc. In the United States and Canada, the NCAA (National Collegiate Athletic Association) is an organization that oversees regulations regarding athletics at universities and colleges. College football and basketball programs generate billions of dollars every year. The NCAA enforces strict limits on the compensation universities can offer when recruiting student-athletes to their campus. Many observers disagree with these restrictions, while others approve these restrictions.

To summarize, consider these two viewpoints.

1. Some people will argue that the NCAA puts these strict rules on athlete compensation in order to maintain amateur status of these students. After all, less than 1% of the college athletes impacted by these restrictions will ever play in the National Football League or the National Basketball Association.
2. Others argue that the NCAA is nothing more than a cartel that restricts members from competing away large amounts of revenue by paying athletes market-driven wages.

There is no one correct answer. Your assignment is to pick one of these viewpoints, write a brief essay in support of it, and conclude with a short statement of why you think the alternative (the viewpoint you did not choose) is weaker.

Intermediate Accounting: RESEARCH PAPER You are going to choose a publicly traded company (Yum Brands). Publicly traded companies who have their shares listed on stock exchanges are required to file regular financial statements and disclosures with regulators, such as the securities and exchange commission (SEC) in the United States. Among the most widely read of these are a company's annual report, which tells investors and analysts how the company has performed over the previous fiscal year (FY), how its businesses look going forward and summarizing corporate financials for use in fundamental or ratio analysis through scrutinizing the balance sheet, income statement, and statement of cash flows. Here are topics to summarize in each paragraph: 1. Introduce to the FASB’s Conceptual Framework and FASB’s GAAP Codification, if any in their reports including their accounting principles or concepts. 2. Explain their annual Income Statement. Give a full summary of their earnings and operating expenses. Do they have Other Revenue and Gains or Other Expenses or Interest? Do they have discounting Operation or Extraordinary Items? Explain. You will find their information at the end of their Income Statement or Footnotes. What is their EPS? 3. Explain their annual Balance Sheet? Give a full summary of Assets, Liabilities, and Stockholder’s Equity. How many shares outstanding are stated? Do they have additional information at the bottom of the Balance Sheet? 4. Explain their Cash Flow Statement. Give a full summary of their cash flows. Are they using the indirect or direct method to calculate their results? 5. Conclusion 6. 2020: Was the company affected the Covid-19? Explain. No website restrictions, Report should be organized: introduction/problem, facts/findings, summary/conclusion. Thank you.

One of the best indicators of the health of a baby is his/her weight at birth. The National Center for Health Statistics reports that although infants weighing 5 1/2 pounds (88 ounces) or less account for only 7% of births, they account for nearly 2/3 of infant deaths.

In the United States, mothers who live in poverty generally have babies with lower birthweight than those who do not live in poverty. While the average birthweight for babies born in the U.S. is approximately 3000 grams, the average birthweight for women living in poverty is 2000 grams.

Recently, a local hospital introduced an innovative new prenatal care program to reduce the number of low birthweight babies born in the hospital. In the first year, 35 mothers, all of whom live in poverty, participated in this program. Data drawn from hospital records reveals that the babies born to these women had a birthweight of 3175 grams, with a standard deviation of 550 grams.

You are to determine if the program was effective using a single sample t test.

What is the null hypothesis? ____________________________________

What is the alternative hypothesis? _________________________________________

Use the following data to perform the calculations. You will have to type in your data to the online calculator (http://www.graphpad.com/quickcalcs/OneSampleT1.cfm?Format=SD (Links to an external site.) )

1. Chose data entry format (the “Enter mean, SD and N” radio button should already be selected
2. Enter data (Obtain the data from the paragraph above)

            Mean = ______

            SD = ______

            N = ______

3. Specify the hypothetical mean value = ______

            Select the entry box option (4th radio button) and enter the original birthweight that the study is trying to change.

Please Copy and paste the results from the online calculator as mine isn't working

College Graduation Rates. Data from the College Results Online website compared the 2011 graduation rate and school size for 92 similar-sized public universities and colleges in the United States. Statistical software was used to create the linear regression model using size as the explanatory variable and graduation rate as the response variable. Summary output from the software and the scatter plot are shown below. Round all calculated results to four decimal places.

Residual standard error: 13.1 on 90 degrees of freedom
Multiple R-squared: 0.0504,Adjusted R-squared: 0.0398
F-statistic: 4.77 on 1 and 90 DF, p-value: 0.031

1. Write the equation for the regression line for predicting graduation rate from the size of the school.

Grad Rate =  +  (Size)

2.Complete the following sentence:

% of the variation in  ? Graduation rate Size School  can be explained by the linear relationship to  ? Graduation rate Size School .

Do the data provide strong evidence (?α = 0.05) that the size of the school is associated with the graduation rate? Conduct a t-test using the information given in the R output and the hypotheses

?0:?1=0H0:β1=0 vs. ??:?1≠0HA:β1≠0

Use ?α = 0.05.

3. Test statistic =

4. Degrees of freedom =

5. P-value =

6. Based on the results of this hypothesis test, there  ? is is not  a significant linear relationship between the explanatory and response variables.

7. Calculate a 95% confidence interval for the slope, ?1β1. (  ,  )

11. Given the table below, what is the profit maximizing output for the producer in the short‑run?

Output - Total revenue - Total cost

           1                    2.00                                     1.00

           2                    4.00                                     1.50

           3                    6.00                                     2.50

           4                    8.00                                     4.50

           5                   10.00                                    7.00

     a. 1 unit

     b. 2 units

     c. 4 units

     d. 5 units

12. A competitive firm can incur losses but continue to operate in the short‑run if it at least able to cover its:

     a. total costs

     b. fixed costs

     c. variable costs

     d. average total costs

13. Shannon the sorghum farmer is one of 5,000 perfectly competitive farmers raising sorghum in the United States. After attending classes at Krannert Business School, Shannon decides to charge $6.00/bushel for her    crop, rather than the $5.00/bushel she is currently   receiving. If she produces 500 bushels, what will her total revenue be:

     a. $3000

     b. $2500

     c. $2000

     d. $0

14. A firm should shut down in the short run if:

     a. price is greater than average variable costs

     b. average fixed costs are greater than marginal revenue

     c. price is less than average variable costs

     d. total costs are greater than fixed costs

15. Mr. T's Golden Necklace Company faces the following costs:

               Quantity             Total Cost

                  1                   $120

                  2                    230

                  3                    330

                  4                    460

                  5                    600

Assuming Mr. T is a price‑taker, and the market price is $130 per necklace, how many necklaces should Mr. T. produce?

     a. 2

     b. 3

     c. 4

     d. 5

The Oceanic Pacific fleet has just decided to use a pole-and- line method of fishing instead of gill netting to catch tuna. The latter method involves the use of miles of nets strung out across the ocean and therefore entraps other sea creatures besides tuna (e.g., porpoises, sea turtles). Concerns for endangered species was one reason for this decision, but perhaps more important was the fact that the major tuna canneries in the United States will no longer accept tuna caught by gill netting. Oceanic Pacific decided to conduct a new series of experiments to determine the amount of tuna that could be caught with different crew sizes. The results of these experiments follow.

a. Determine the point at which diminishing returns occur.

b. Indicate the points that delineate the three stages of production.

c. Suppose the market price of tuna is $3.50/pound. How many fishermen should the company use if the daily wage rate is a $100?

d. Suppose a glut in the market for tuna causes the price to fall to $2.75/pound. What effect would this have on the number of fishermen used per boat? Suppose the price rose to $5.00/pound. What effect would this have on its hiring decision?

e. If the firm realizes that to keep up with the demand for tuna, each of its boats must catch at least 1,000 pounds of fish per day. What should it consider doing? Why?

Jim is a 60-year-old Anglo male in reasonably good health. He wants to take out a $50,000 term (that is, straight death benefit) life insurance policy until he is 65. The policy will expire on his 65th birthday. The probability of death in a given year is provided by the Vital Statistics Section of the Statistical Abstract of the United States (116th Edition).

Jim is applying to Big Rock Insurance Company for his term insurance policy.

(a) What is the probability that Jim will die in his 60th year? (Enter your answer to five decimal places.)


Using this probability and the $50,000 death benefit, what is the expected cost to Big Rock Insurance? (Round your answer to two decimal places.)
$  

(b) Repeat part (a) for years 61, 62, 63, and 64. (Round your answers to two decimal places.)

What would be the total expected cost to Big Rock Insurance over the years 60 through 64? (Round your answer to two decimal places.)
$  

(c) If Big Rock Insurance wants to make a profit of $700 above the expected total cost paid out for Jim's death, how much should it charge for the policy? (Round your answer to two decimal places.)
$  

(d) If Big Rock Insurance Company charges $5000 for the policy, how much profit does the company expect to make? (Round your answer to two decimal places.)
$

Assignment 5

11. An educational researcher wishes to compare the effectiveness of two different math textbooks. She has the tenth graders at one school use the first book for one year and the tenth  graders at another school use the second textbook for one year. At the end of the year, she gives the same math test to both classes and compares the results. A) The source B) Confounding variables C) The setting D) Selection bias E) Participation bias

12. ʺ38% of adults in the United States regularly visit a doctorʺ. This conclusion was reached by a college student after she had questioned 520 randomly selected members of her college. A) No bias B) Selection bias C) Participation bias D) Participation bias and selection bias

15. Which of the following describes the process by which scientists examine each othersʹ research? A) Considering the conclusion B) Peer review C) Participation review D) Interpretation

16. Which of the following quantities of interest would be the most difficult to define? A) The paint with the best looking finish B) The levels of lead in various brands of paint C) How water resistant a brand of paint is D) The least expensive brand of paint

17) Which of the following describes the bias that can occur when members of a studyʹs sample are volunteers? A) Single-blind bias B) Participation bias C) Sample bias D) Selection bias 3

18) The population of a town A) Quantitative B) Qualitative

19) The colors of  the houses in a city A) Quantitative B) Qualitative

20) The speed of a car in miles per hour A) Qualitative B) Quantitative

Iceland has no minimum wage. Instead, employers negotiate salaries with collective groups or unions who represent the employees. You must be 18 to work full-time in Iceland. However, mandatory school ends at age 16 and teen workers between the ages of 15 and 18 are highly unemployed. Salaries are high in Iceland because of the small population, universal health care, the high cost of living, and the fact that 88% of the population lives in and around the capital, Reykjavik. Still it is one of the poorest countries in Europe. Youth unemployment is extremely high. Josh has discovered that if he hires young people between the ages of (15-18) part-time or no more than 40 hours a week, he can negotiate a much lower salary. The average salary amounts to $12.50 an hour.. Josh staffs young people exclusively and lets them go before they reach the age of 19. Two recent lay-offs has brought this practice to the attention of the staff who feel the practice is not ethical. The workers feel Josh is trying to use the system to avoid paying the workers a decent wage or to gain full time employment. If Josh does not settle this issue quickly, because the workers will go back to the Collective to ask for higher wages and a guarantee of work after they turn 19. Worse yet, if Jolly Jump’s US teens get wind of the hourly salary difference, they may very well come to expect a large raise.

Are Josh’s employment practices unethical?

Would his actions be considered unethical in the United States?

Discuss the ethics of doing business in another country and cultural relativism.