As you answer these short FRQ's below, be direct and to the point. Provide a graph if asked and any details that explain why something is happening

1. Normally, whenever a new video game console comes out, there is a shortage all over the United States. Graphically illustrate and fully explain where the shortage comes from, how the various roles of prices can come together to end the shortage, and why the final outcome is not necessarily the fairest outcome.
2. In the winter of 2006–2007, unusually cold weather prevented people from enjoying the great outdoors. This led to a huge surplus of snowmobiles all over Minnesota. Fully explain how the surplus came about, how the "invisible hand" dealt with this surplus and provide a graph to illustrate your explanation.
3. Draw a graph illustrating what would happen in the market for log cabins if consumer income increased by 19% in Montana.
4. Draw a graph showing what would happen in the market for cat food if it were discovered that many brands of canned cat food, contained poison.

Here are the questions to help you analyze a change in supply:

• What determinant or determinants of supply has/have changed or will change, and in what direction?
• What was, or will be, the impact on the supply of the good or service?
• What was, or will be, the impact on the price of the good or service?
• What was, or will be, the impact on the quantity of the good or service demanded?

(Country Risk and Capital Investment) Blueberry Farm Inc. (U.S. firm) is planning a project in Japan. The project would end in one year, when all earnings would be remitted to Blueberry. Assume that no additional corporate taxes are incurred beyond those imposed by the Japanese government. Since Blueberry would rent space, it would not have any long-term assets in Japan, and expects the salvage (terminal) value of the project to be about zero. Assume that the project’s required rate of return is 25 percent. Also assume that the initial outlay is $250,000. The pretax earnings are expected to the ¥6,500,000 at the end of one year. The Japanese yen is expected to be worth $0.009 at the end of one year, when the after-tax earnings are converted to dollars and remitted to the United States. The following forms of country risk, which are independent, must be considered: * The Japanese economy may weaken (probability = 55%), which would cause the expected pretax earnings to be €3,500,000. * The Japanese corporate tax rate on income earned by U.S. firms may increase from 35 percent to 45 percent (probability = 20 percent).

1A. What is the expected NPV? What is the probability that that the NPV would be negative? You will have to provide your calculation steps.

1B. Should Blueberry undertake this investment project? Please justify your solution.

Assume that Seminole, Inc., considers issuing a Singapore dollar?denominated bond at its present coupon rate of 8.7 percent, even though it has no incoming cash flows to cover the bond payments. It is attracted to the low financing rate, since U. S. dollar-denominated bonds issued in the United States would have a coupon rate of 12 percent. Assume that either type of bond would have a four­?year maturity and could be issued at par value. Seminole needs to borrow $10 million. Therefore, it will either issue U. S. dollar denominated bonds with a par value of $10 million or bonds denominated in Singapore dollars with a par value of S$20 million. The spot rate of the Singapore dollar is $.50. Seminole has forecasted the Singapore dollar’s value at the end of each of the next four years, when coupon payments are to be paid:

               End of Year                 Exchange Rate of Singapore Dollar

                                 1                                       $.53

                                 2                                        .56

                                 3                                        .58

                                 4                                        .59

Determine the expected annual cost of financing with Singapore dollars. Should Seminole, Inc., issue bonds denominated in U.S. dollars or Singapore dollars?

*****PLEASE DO NOT DO THIS IN EXCEL MY TEACHER WILL NOT ACCEPT WORK DONE IN EXCEL. I NEED A STEP BY STEP PROCESS VIA WORD DOC OR ANY OTHER TYPE OF WRITTEN LECTURE.*** Thank you

Grab a blank sheet of paper and try some inflation analysis on your own. Take a picture or scan your sheet, and upload it after you are finished. This contributes to your participation grade in the class.

1. Because inflation increased by only 1.7% in 2008, the American Association of Retired Persons comments that this is “an unfortunate side effect of inflation, since Social Security payments, which are indexed to inflation, will increase by only 1.7% in 2008.” Comment on whether this is an “unfortunate side effect of inflation” or not.
2. The Federal Reserve Bank (Fed) can impact the economy through changes in the Federal funds rate, because changes in this interest rate will change all interest rates throughout the economy. The Federal funds rate was constant at 5.25% from 1996–1998, a time of falling inflation. What impact did this have on real interest rates during this time? What was likely to happen to investment spending?
3. “Traveling in Turkey is much cheaper now than it was 10 years ago,” says a friend. "Ten years ago, a dollar bought 1,000 lira; this year, a dollar buys 1,500 lira.” Total inflation over this period was 25% in the United States and 100% in Turkey. Is your friend right or wrong—has it become more or less expensive to travel in Turkey?

Upload your file below. Naming convention should be "Last Name_First Name."

1. In 1980 France had a GDP of $325 billion francs and a population of 11.78 million. In 1980 the exchange rate was 1 US dollar was equal to 1.67 francs. In 2010, France had a GDP of $435 billion euros and a population of 21.75 million. In 2010 0.8 euros was equal to 1 US Dollar. The GDP deflator was 51 in 1980 and 125 in 2010. By what percentage did France’s Real GDP per capita rise between 1980 and 2010 in U.S. dollars
2. Identify the most commonly cited measure of inflation in the United States and explain how it is calculated. Identify and briefly discuss the some of the problems that statisticians have paid considerable attention to in recent years (your answer needs to be thorough).
3. Describe the relationship between inflation levels in prices and inflation levels for prices, wages and interest rates with respect to their ability to affect people's economic status and business outcomes (again, here be thorough and explain what happens when wages, etc. does and does not keep up with inflation).
4. Explain the differences and similarities between the GDP deflator and the CPI. Be thorough in your answer and write in complete sentences.
5. What is Hyperinflation and what are some reasons it may occur and persist? What is deflation, when does deflation usually occur, and is deflation a good or bad thing? Give examples of when each scenario happened in history as well. Again, be thorough in your answer.

TRUE OR FALSE

Experiencing an unfamiliar culture can generate culture shock.?

Symbols refer to anything that carries meaning that is recognized by people who share a culture.?

Through the use of symbols, people make sense of their surroundings.?

Most people in the United States share the value that everyone should not only have equality of opportunity, but also equality in all aspects of social standing.?

Mores are norms that have great moral significance.?

Values and norms help to define a society’s “ideal culture.”?

Most people participate in numerous subcultures without necessarily becoming very committed to any of them.?

The fact that hip-hop music and the DJ scene were invented in the low-income, African American neighborhoods of New York show that people of all social positions help create U.S. cultural patterns.?

The Harlow studies found that six months of social isolation was sufficient to permanently damage infant rhesus monkeys.?

What we know about the later lives of socially isolated children such as Isabell and Genie supports the findings of the Harlow’s research.?

The “id” in Freud’s work represents the human being’s basic drives, which are unconscious and demand immediate satisfaction.?

Mead’s concepts of the “I” and the “me” are close parallels of Freud’s concepts of the id and the superego.?

A community college is correctly considered to be a good example of a total institution?

ROULETTE is a casino game where a numbered wheel spins and a steel ball falls into a location marked by one particular colored number. In the United States there are 18 locations colored red, 18 locations colored black and 2 locations colored green. The red and black locations are numbered 1-36 and the green locations are labeled "0" and "00" as shown in the picture to the right. The wheel therefore has 38 locations in total. Note that the odd and even values are not evenly distributed within each color. For any particular wager a player makes, an expected profit can be calculated from: Expected profit = (Prob. of winning) x (winning payout amount) - wager

(b) To “let it ride” is to make a bet and if it wins to make the same bet with the entire payout amount. For example, if you bet $1 on black and win the casino gives you $2, you then "let it ride" by betting that $2 on black and if you win again the casino would give you $4. If the ball were to land on red or green on either spin of the wheel you would lose your wager and the final payout would be $0. What is the expected profit for betting $15 on black and if you win, "letting it ride" once? I.E., betting on black and if you win betting your winnings on black again? (keep in mind that if you lose the first bet you are done; round to closest penny)

Recent studies support the potential of a drug that is derived from the metal iridium to effectively treat cancer. This experimental drug, Drug ZL105, has not been tested for efficacy and toxicity. Imagine that you are the one responsible for approving or denying the use of this drug within the United States. Your job is to propose the testing that is needed for this drug to be determined as safe and effective for the treatment of cancer in humans. In your research and discussion, you should address the questions below.

1. What model(s) will you use for testing (i.e., animal, cell cultures, computer simulations)? Explain the choice of model, and provide support for the reliability of the model. Discuss the pros and cons of your choice.
2. In determining the safety and effectiveness of the drug, would it be necessary to test efficacy, toxicity, and lethality? Explain what each of these tests are for and whether or not one or more of the tests are necessary for your determination.
3. Provide your thoughts on what information you hope to gather from your tests and whether or not the same protocol should be used for various categories of products such as drugs, cosmetics, and herbal medicines.

Your case study assignment should be three to four pages in length, not including the title or reference page, and utilize at least three reliable references. Use APA style guidelines in writing this assignment, following APA rules for formatting, quoting, paraphrasing, citing, and referencing.

Assume that you recently graduated with a degree in finance and have just reported to work as an investment adviser at the brokerage firm of Smyth Barry & Co. Your first assignment is to explain the nature of the U.S. financial markets to Michelle Varga, a professional tennis player who recently came to the United States from Mexico. Varga is a highly ranked tennis player who expects to invest substantial amounts of money through Smyth Barry. She is very bright; therefore, she would like to understand in general terms what will happen to her money. After your consultation with Michelle, she asks to discuss these two scenarios with you:

a. While in the waiting room of your office, she overheard an analyst on a financial TV network say that a particular medical research company just received FDA approval for one of its products. On the basis of this “hot” information, Michelle wants to buy many shares of that company’s stock. Assuming the stock market is highly efficient, what advice would you give her?

b. She has read a number of newspaper articles about a huge IPO being carried out by a leading technology company. She wants to get as many shares in the IPO as possible and would even be willing to buy the shares in the open market immediately after the issue. What advice do you have for her?