Which of the following stocks is most likely to be priced highest? Assume that all stocks pay $3 dividend per share per year and are the same in all other aspects.

a)A stock whose annual dividend is expected to grow by 12% for the first two years and then 4% thereafter, with the discount rate of 12%.

b)A stock whose annual dividend is expected to not grow, with the discount rate of 12%.

c)A stock whose annual dividend is expected to grow by 4% per year forever, with the discount rate of 12%.

Describe what Adam Smith meant by the “invisible hand.” Smith first used this metaphor in the context of how capitalists make decisions to invest in the most profitable activities. Why do you think many economists think this metaphor is very useful to explain the mechanism underlying a presumed compatibility between selfish interests and a successful social provisioning in capitalist economies? Do you think the fact that Smith used the words “invisible hand” very sporadically (only three times) in his work deserves some kind of scrutiny?

Although Java has the rule that the left operand of every binary operator is evaluated before the right operand, most languages give the compiler the freedom to choose which operand is evaluated first. When expressions have side effects, the value of the expression can be different depending upon which order is used. Give an example in C++ of an expression whose value depends upon the evaluation order. Show the orders that produce different values and the values they produce. Explain what side effect is the expression contains.

Choosing a Form of Ownership Please respond to the following with a 250-300 word response:

From the e-Activity, describe the most appropriate form of ownership for your new franchise based on your current financial situation. Provide specific examples to support your response. Assume the form of your new business will be a partnership (if you have not already done so). Discuss the types of conflicts that may arise and how you could prevent them from arising in the first place.

e-activity link: http://www.worldfranchising.com/

A single crystal of a metal that has the FCC crystal structure is oriented such that a tensile stress is applied parallel to the [110] direction. The critical resolved shear stress for this material is 1.75 MPa.

1) Calculate the magnitude of applied stress necessary to cause slip to occur on the (111) plane in the (1-10) direction.

2) Calculate the magnitude of applied stress necessary to cause slip to occur on the (111) plane in the (10-1)direction.

3) Which of these two slip systems is the most favourably oriented (which system will see first plastic deformation)?

Waymo is a division of Alphabet (Google’s parent company) that is developing the technology for driverless

cars. Waymo CEO John Krafcik is under pressure to offer a commercial driverless taxi service in the Phoenix

area as soon as Fall 2018. Analysis at web-site arstechnica.com suggests that Waymo has by far the most

advanced technology available for this type of service.

Is it likely that being first into this market will give them a large advantage? Is Waymo likely to earn

unusually high accounting profit for a long period of time? Discuss using concepts from this class.

Write two algorithms to find both the smallest and largest numbers in a list of n numbers.

In first algorithm, you simply write one loop to find the minimum and maximum. So there will be 2(n - 1) comparisons.

In second algorithm, you try to find a method that does at most 1.5n comparisons of array items.

Determine the largest list size (i.e., n) that Algorithm 1 can process and still compute the answer within 60 seconds. Report how long it takes Algorithm 2 to compute this answer.

Specify the electron configurations for each of the following ions.

1) V3+ and Mo3+

2) Arrange the following isoelectronic series in order of increasin radius: Br^- , Y^3+ , Se^ 2-, Sr^+, and Rb^+

3) Arrenge the following elements in order of decreasing first ionization energy : Bi, Cl, Sb, and Se. (Rank elements from largest to smallest.

4) Arrange the following elements in order of decreasing metallic character. Rb, F, C, O, Zn and Ge. (Rank elements from most to least metallic character).

1. If a demand shock causes an economy to operate at a point above potential GDP, then

Select one:

a. the aggregate supply curve will shift to return the economy to the original point of equilibrium

b. the economy will correct itself through rising wages and prices

c. this short-run equilibrium point will become the new long-run equilibrium GDP

d. the economy will correct itself through falling wage rates and prices

e. the shock is said to be a negative demand shock

2. One reason why economists often appear to disagree when asked about the impact of some macroeconomic policies is that

Select one:

a. they do not understand the economy very well

b. economics is a very difficult science, and so there are many incorrect economic projections being made

c. economists rarely disagree; people just think they are disagreeing because they do not understand the language of economics

d. economists often appear to be disagreeing when one is talking about long-run impact while the other is referring to short-run impacts

e. economists are by nature competitive individuals and they often disagree

3. An increase in government spending leads to a(n)

Select one:

a. downward shift of the aggregate expenditure line and a leftward shift of the money demand curve

b. upward shift of the aggregate expenditure line and a rightward shift of the money demand curve

c. downward shift of the aggregate expenditure line and a rightward shift of the money demand curve

d. upward shift of the aggregate expenditure line and a leftward shift of the money demand curve

e. upward shift of the aggregate expenditure line but no shift of the money demand curve

4. Which of the following would increase labor productivity?

Select one:

a. an increase in the physical capital stock per worker

b. an increase in human capital per worker

c. an increase in natural resources per worker

d. a technological improvement

e. All of the above are correct

5. If a firm bakes cookies and sells them for $900 while spending $150 on sugar, $250 on chocolate, $100 on other supplies, $100 on wages and $200 on rent, what is its value added?

Select one:

a. $100

b. $200

c. $300

d. $400

e. $500

6.The official measure of unemployment may underestimate actual unemployment because

Select one:

a. people may lie when reporting they are looking for jobs

b. the treatment of involuntary part-time workers and discouraged workers is misleading

c. the population sample employed by the Labor Department is too small to be representative

d.

e.

7. If domestic households purchased an imported car at $200,000, which of the following could have occurred, all else being the same?

Select one:

a. GDP decreases by $200,000, with a decrease of $200,000 in net exports

b. GDP increases by $200,000, with an increase of $200,000 in net exports

c. GDP remains unchanged

d. The consumption component of GDP increases by $200,000

e. Both c and d

8. Suppose the Federal Reserve wants to decrease the money supply by $100,000. If the required reserve ratio is 0.1, which of the following actions will achieve the Fed’s goal?

Select one:

a. The Fed must purchase $100,000 in bonds

b. The Fed must sell $100,000 in bonds

c. The Fed must purchase $10,000 in bonds

d. The Fed must sell $10,000 in bonds

e. The Fed must sell $90,000 in bonds