The Ohio State University
Economics 4300, Government Finance in the American Economy
William J. White
Autumn, 2018
Second Homework Assignment
Name and Dot Number ____________________________________________
Multiple Choice Questions
30 points total
_____
1. Which if of the following describes a spillover (positive externality)?
a) Air pollution from a factory that dirties clothes in a nearby dry cleaner.
b) Second-hand smoke in a crowded restaurant or concert venue.
c) The knowledge passed on by students to their family and friends.
d) The impact of one more driver on a freeway at rush hour.
_____ 2. Which of the following would NOT be a command-and-control action of the
Environmental Protection agency?
a) Issuing tailpipe emission standards for passenger vehicles to limit carbon monoxide.
b) Publishing a list of hazardous chemicals that requires notification prior to use.
c) Requiring continuous monitoring of pollution-containing air and water discharges.
d) Implementing a Pigovian tax on releases of sulfur dioxide into the atmosphere.
_____
3. The Clean Air Markets program is an example of:
a) a market-based approach to eliminating pollution externalities.
b) a command-and-control response to reduce the negative impacts of air pollution.
c) a system by which industrial gas companies colluded to keep their prices high.
d) yet another government program that failed to achieve its primary objective.
_____ 4. The effect of a negative externality is similar to:
a) A supply curve (marginal social cost) shifting to the left.
b) A supply curve (marginal social benefit) shifting to the right.
c) A demand curve (marginal social cost) shifting to the left.
d) A demand curve (marginal social benefit) shifting to the right.
_____ 5. A positive externality results from the purchase of smoke detectors. If smoke
detectors are sold in a competitive market,
a) the marginal social benefit of smoke detectors is less than the marginal private
benefit received by any consumer.
b) the marginal social benefit will exceed the marginal private benefit received by
any consumer.
c) in equilibrium the marginal social cost of smoke detectors will equal the marginal social benefit.
d) in equilibrium the marginal social benefit of smoke detectors is zero.
_____
6. The marginal external cost associated with paper production is constant at $10 per
ton per year. The competitive market equilibrium for paper production is currently 10
million tons per year. A corrective tax on paper production:
a) will collect $100 million annually.
b) will collect more than $100 million annually.
c) will collect less than $100 million annually.
d) will reduce annual damages to those other than buyers and sellers of paper to zero.
_____ 7. Which of the following is true about command-and-control regulation that allows
businesses to emit pollutants up to a certain point and bans emissions after that limit
is reached?.
Bell Company, a manufacturer of audio systems, started its product.docxikirkton
Bell Company, a manufacturer of audio systems, started its production in October 2014. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory.
Raw materials cost for an audio system will total $75 per unit. Workers on the production lines are on average paid $14 per hour. An audio system usually takes 6 hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $5,008 per month. Indirect materials cost $6 per system. A supervisor was hired to oversee production; her monthly salary is $3,455.
Factory janitorial costs are $2,164 monthly. Advertising costs for the audio system will be $9,292 per month. The factory building depreciation expense is $6,384 per year. Property taxes on the factory building will be $8,472 per year.
Assuming that Bell manufactures, on average, 1,598 audio systems per month, enter each cost item on your answer sheet, placing the dollar amount per month under the appropriate headings. Total the dollar amounts in each of the columns.
Product Costs
Cost Item
Direct
Materials
Direct
Labor
Manufacturing
Overhead
Period
Costs
Raw materials (1)
$
$
$
$
Wages for workers (2)
Rent on equipment
Indirect materials (3)
Factory supervisor’s salary
Janitorial costs
Advertising
Depreciation on factory building (4)
Property taxes on factory building (5)
$
$
$
$
ECON 201 Answer Sheet
1.
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31.
32.
33.
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35.
36.
37.
38.
39.
40.
Short answer questions:
41.
42.
43.
44.
45.
Total:
Final Exam ECON 201 OL1-US1 Fall 2013
Weight of each multiple choice questions is 2 points. Weight of each short answer question is 4 points. Totally 100
points.
Name___________________________________
I. MULTIPLE CHOICE (40 questions 2 points each). Choose the one alternative that best
completes the statement or answers the question.
1) Economics is best defined as the study of: 1) _______
A) inflation, unemployment, and economic growth.
B) financial decision-making.
C) choices made by people faced with scarcity.
D) how consumers make purchasing decisions.
2) Scarcity can best be defined as a situation in which: 2) _______
A) there are not enough goods to satisfy all of the buyers demands.
B) there is more than enough money to satisfy consumers wants.
C) resources are limited in quantity and can be used in different ways.
D) there are no buyers willing to purchase what sellers have produced.
3) Printing presses, forklifts and assembly plants are examples of which factor of production? 3) _______
A) entrepreneurship B) physical capital
C) human capital D) labor
4) Consumption Expenditures can be broken down into three categories: 4) ____ ...
Refer to the information provided in Figure 2.4 below to answer the .docxlorent8
Refer to the information provided in Figure 2.4 below to answer the questions that follow.
Figure 2.4
Refer to the information provided in Figure 2.5 below to answer the questions that follow.
1) production is the process by which
a) products are used by consumers.
b) resources are transformed into useful forms.
c) products are converted into capital.
d) resources are allocated and distributed.
.
2) Which of the following is a resource as the term is used by economists?
a) buildings
b) labor
c) land
d) all of the above
.
3) Economists refer to things that have already been produced that are in turn used to produce other goods and services as
a) land.
b) labor.
c) entrepreneurship.
d) capital.
.
4) According to the theory of ________, specialization and free trade will benefit all trade partners, even when some are absolutely
more efficient producers than others.
a) comparative advantage
b) absolute advantage
c) social equity
d) laissez-faire
.
5) Specialization and trade exploit differences in productivity across workers and
a) only benefit the exporter.
b) only benefit the importer
c) make everyone better off.
d) make everyone worse off
.
6) If a vintner has a comparative advantage in producing wine
a) he can produce more wine using the same resources than other vintners.
b) wine is the only product he can produce.
c) he can produce wine at a lower opportunity cost than other vintners.
d) he also has an absolute advantage in producing wine.
.
7) Which of the following is an act of economic "investment"?
a) The state legislature authorizes the sale of a state park
b) An entrepreneur buys 5000 shares of stock at $5 a share and then sells the stock at a profit for $60 a share.
c) A manufacturer purchases a new machinery system for his plant.
d) A teacher deposits $500 in a retirement account.
.
8) In economics, the creation of capital is referred to as
a) investment.
b) comparative advantage
c) consumption.
d) allocation.
.
9) When an economy is producing inside its production possibility frontier
a) production inefficiency occurs
b) only technological advances will allow it to increase production
c) it is efficient so long as it is producing what people want.
d) it must overcompensate by producing outside the curve to achieve efficiency.
.
10) According to Figure 2.4, Point A necessarily represents
a) an unattainable production point
b) only hybrid cars being produced
c) the economy's optimal production point.
d) what society wants.
.
11) According to Figure 2.4, Point F
a) is efficient and attainable
b) represents underallocation of resources
c) represents what the people want.
d) cannot be produced with the current state of technology
.
12) According to Figure 2.4, Point E necessarily represents
a) an impossible production point
b) technological advancement
c) overallocation of resources
d) only motorcycle.
ECON 1102, Test 2 (060216) 1
ECON 1102, Section 711, SS1 2016
Do any 40 of the 50 questions: two and one-half points each
Answer questions 1 through 4 based on the graph below.
1. The initial demand curve is D1. There are no rent ceilings or floors. The initial equilibrium monthly rent is
_____. (Put your answer on the answer sheet)
2. The demand curve shifts leftward from D1 to D0 so that D0 is the relevant demand curve. There are no
rent controls. In the short run, the decrease in demand results in
A) lower rents and a decrease in the equilibrium quantity.
B) higher rents and a decrease in the equilibrium quantity.
C) lower rents and an increase in the equilibrium quantity.
D) higher rents and an increase in the equilibrium quantity.
3. The demand curve shifts rightward from D0 to D1 so that D1 is the relevant demand curve. Suppose the
government imposes a rent ceiling of $300 per month. In the short run there will be
A) a shortage and a decrease in search costs. B) a shortage and an increase in search costs.
C) a surplus and an increase in search costs. D) a surplus and a decrease in search costs.
4. The demand curve shifts rightward from D0 to D1 so that D1 is the relevant demand curve. Suppose the
government imposes a rent ceiling of $500 per month. In the short run there will be
A) a surplus of apartments. B) a shortage of 200,000 apartments.
C) a shortage of 300,000 apartments. D) neither a shortage nor a surplus of apartments.
5 A price floor
A) always results in a surplus.
B) always results in a shortage.
C) results in a surplus if the floor price is greater than the equilibrium price.
D) results in a shortage if the floor price is greater than the equilibrium price.
ECON 1102, Test 2 (060216) 2
Answer questions 6 through 8 based on the table below.
Wage rate (dollars
per hour)
Labor supplied
(millions of workers)
Labor demanded
(millions of workers)
12 9 3
11 8 4
10 7 5
9 6 6
8 5 7
6. What is the equilibrium wage rate in an unregulated market? ____ (Put your answer on the answer sheet)
7. If the minimum wage is set at $12 per hour, the number of unemployed workers will be ____
8. If the market is in equilibrium today, and tomorrow a minimum wage is set at $11 per hour, the number of workers
who will lose their jobs is _____
9. In general, how a sales tax is divided between buyers and sellers is determined by
A) the elasticities of supply and demand. C) who the law says must pay the tax.
B) the government’s choice of whom to tax. D) the revenue needs of government.
10. A tariff
A) is a tax imposed on imported goods.
B) is a tax imposed on exported goods.
C) encourages worldwide specialization according to the principle of comparative advantage.
D) has no effect on prices paid by domestic consumers even though it increases the revenue collected by
domestic producers.
11. ...
Bus 475 guide 1 54) When customers access a Web site and make purchases, t...jackkumaran
54) When customers access a Web site and make purchases, they generate __________.
A. Web data
B. Tracking cookies
C. Information
D. Clickstream data
E. Hyperlink data
Read more: http://en.wikipedia.org/wiki/HTTP_cookie
http://chris.pirillo.com/what-is-a-tracking-cookie/
Bus 475 guide 1 58) The management cockpit best exemplifies which type of s...jackkumaran
58) The management cockpit best exemplifies which type of system?
A. Decision support system
B. Functional area information system
C. Expert system
D. Digital dashboard
E. Group decision support system
Read more: http://www.ap.atosorigin.com/en-us/services/solutions/consulting/management_consulting/management_cockpit/default.htm
Bell Company, a manufacturer of audio systems, started its product.docxikirkton
Bell Company, a manufacturer of audio systems, started its production in October 2014. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory.
Raw materials cost for an audio system will total $75 per unit. Workers on the production lines are on average paid $14 per hour. An audio system usually takes 6 hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $5,008 per month. Indirect materials cost $6 per system. A supervisor was hired to oversee production; her monthly salary is $3,455.
Factory janitorial costs are $2,164 monthly. Advertising costs for the audio system will be $9,292 per month. The factory building depreciation expense is $6,384 per year. Property taxes on the factory building will be $8,472 per year.
Assuming that Bell manufactures, on average, 1,598 audio systems per month, enter each cost item on your answer sheet, placing the dollar amount per month under the appropriate headings. Total the dollar amounts in each of the columns.
Product Costs
Cost Item
Direct
Materials
Direct
Labor
Manufacturing
Overhead
Period
Costs
Raw materials (1)
$
$
$
$
Wages for workers (2)
Rent on equipment
Indirect materials (3)
Factory supervisor’s salary
Janitorial costs
Advertising
Depreciation on factory building (4)
Property taxes on factory building (5)
$
$
$
$
ECON 201 Answer Sheet
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
Short answer questions:
41.
42.
43.
44.
45.
Total:
Final Exam ECON 201 OL1-US1 Fall 2013
Weight of each multiple choice questions is 2 points. Weight of each short answer question is 4 points. Totally 100
points.
Name___________________________________
I. MULTIPLE CHOICE (40 questions 2 points each). Choose the one alternative that best
completes the statement or answers the question.
1) Economics is best defined as the study of: 1) _______
A) inflation, unemployment, and economic growth.
B) financial decision-making.
C) choices made by people faced with scarcity.
D) how consumers make purchasing decisions.
2) Scarcity can best be defined as a situation in which: 2) _______
A) there are not enough goods to satisfy all of the buyers demands.
B) there is more than enough money to satisfy consumers wants.
C) resources are limited in quantity and can be used in different ways.
D) there are no buyers willing to purchase what sellers have produced.
3) Printing presses, forklifts and assembly plants are examples of which factor of production? 3) _______
A) entrepreneurship B) physical capital
C) human capital D) labor
4) Consumption Expenditures can be broken down into three categories: 4) ____ ...
Refer to the information provided in Figure 2.4 below to answer the .docxlorent8
Refer to the information provided in Figure 2.4 below to answer the questions that follow.
Figure 2.4
Refer to the information provided in Figure 2.5 below to answer the questions that follow.
1) production is the process by which
a) products are used by consumers.
b) resources are transformed into useful forms.
c) products are converted into capital.
d) resources are allocated and distributed.
.
2) Which of the following is a resource as the term is used by economists?
a) buildings
b) labor
c) land
d) all of the above
.
3) Economists refer to things that have already been produced that are in turn used to produce other goods and services as
a) land.
b) labor.
c) entrepreneurship.
d) capital.
.
4) According to the theory of ________, specialization and free trade will benefit all trade partners, even when some are absolutely
more efficient producers than others.
a) comparative advantage
b) absolute advantage
c) social equity
d) laissez-faire
.
5) Specialization and trade exploit differences in productivity across workers and
a) only benefit the exporter.
b) only benefit the importer
c) make everyone better off.
d) make everyone worse off
.
6) If a vintner has a comparative advantage in producing wine
a) he can produce more wine using the same resources than other vintners.
b) wine is the only product he can produce.
c) he can produce wine at a lower opportunity cost than other vintners.
d) he also has an absolute advantage in producing wine.
.
7) Which of the following is an act of economic "investment"?
a) The state legislature authorizes the sale of a state park
b) An entrepreneur buys 5000 shares of stock at $5 a share and then sells the stock at a profit for $60 a share.
c) A manufacturer purchases a new machinery system for his plant.
d) A teacher deposits $500 in a retirement account.
.
8) In economics, the creation of capital is referred to as
a) investment.
b) comparative advantage
c) consumption.
d) allocation.
.
9) When an economy is producing inside its production possibility frontier
a) production inefficiency occurs
b) only technological advances will allow it to increase production
c) it is efficient so long as it is producing what people want.
d) it must overcompensate by producing outside the curve to achieve efficiency.
.
10) According to Figure 2.4, Point A necessarily represents
a) an unattainable production point
b) only hybrid cars being produced
c) the economy's optimal production point.
d) what society wants.
.
11) According to Figure 2.4, Point F
a) is efficient and attainable
b) represents underallocation of resources
c) represents what the people want.
d) cannot be produced with the current state of technology
.
12) According to Figure 2.4, Point E necessarily represents
a) an impossible production point
b) technological advancement
c) overallocation of resources
d) only motorcycle.
ECON 1102, Test 2 (060216) 1
ECON 1102, Section 711, SS1 2016
Do any 40 of the 50 questions: two and one-half points each
Answer questions 1 through 4 based on the graph below.
1. The initial demand curve is D1. There are no rent ceilings or floors. The initial equilibrium monthly rent is
_____. (Put your answer on the answer sheet)
2. The demand curve shifts leftward from D1 to D0 so that D0 is the relevant demand curve. There are no
rent controls. In the short run, the decrease in demand results in
A) lower rents and a decrease in the equilibrium quantity.
B) higher rents and a decrease in the equilibrium quantity.
C) lower rents and an increase in the equilibrium quantity.
D) higher rents and an increase in the equilibrium quantity.
3. The demand curve shifts rightward from D0 to D1 so that D1 is the relevant demand curve. Suppose the
government imposes a rent ceiling of $300 per month. In the short run there will be
A) a shortage and a decrease in search costs. B) a shortage and an increase in search costs.
C) a surplus and an increase in search costs. D) a surplus and a decrease in search costs.
4. The demand curve shifts rightward from D0 to D1 so that D1 is the relevant demand curve. Suppose the
government imposes a rent ceiling of $500 per month. In the short run there will be
A) a surplus of apartments. B) a shortage of 200,000 apartments.
C) a shortage of 300,000 apartments. D) neither a shortage nor a surplus of apartments.
5 A price floor
A) always results in a surplus.
B) always results in a shortage.
C) results in a surplus if the floor price is greater than the equilibrium price.
D) results in a shortage if the floor price is greater than the equilibrium price.
ECON 1102, Test 2 (060216) 2
Answer questions 6 through 8 based on the table below.
Wage rate (dollars
per hour)
Labor supplied
(millions of workers)
Labor demanded
(millions of workers)
12 9 3
11 8 4
10 7 5
9 6 6
8 5 7
6. What is the equilibrium wage rate in an unregulated market? ____ (Put your answer on the answer sheet)
7. If the minimum wage is set at $12 per hour, the number of unemployed workers will be ____
8. If the market is in equilibrium today, and tomorrow a minimum wage is set at $11 per hour, the number of workers
who will lose their jobs is _____
9. In general, how a sales tax is divided between buyers and sellers is determined by
A) the elasticities of supply and demand. C) who the law says must pay the tax.
B) the government’s choice of whom to tax. D) the revenue needs of government.
10. A tariff
A) is a tax imposed on imported goods.
B) is a tax imposed on exported goods.
C) encourages worldwide specialization according to the principle of comparative advantage.
D) has no effect on prices paid by domestic consumers even though it increases the revenue collected by
domestic producers.
11. ...
Bus 475 guide 1 54) When customers access a Web site and make purchases, t...jackkumaran
54) When customers access a Web site and make purchases, they generate __________.
A. Web data
B. Tracking cookies
C. Information
D. Clickstream data
E. Hyperlink data
Read more: http://en.wikipedia.org/wiki/HTTP_cookie
http://chris.pirillo.com/what-is-a-tracking-cookie/
Bus 475 guide 1 58) The management cockpit best exemplifies which type of s...jackkumaran
58) The management cockpit best exemplifies which type of system?
A. Decision support system
B. Functional area information system
C. Expert system
D. Digital dashboard
E. Group decision support system
Read more: http://www.ap.atosorigin.com/en-us/services/solutions/consulting/management_consulting/management_cockpit/default.htm
Bus 475 guide 1 56) Which of the following is not a source for external dat...jackkumaran
56) Which of the following is not a source for external data?
A. commercial databases
B. satellites
C. corporate databases
D. sensors
E. government reports
Read more: http://spireproject.com/database.htm
Bus 475 guide 1 50) Which one of the following statements concerning producti...jackkumaran
50) Which one of the following statements concerning production and staffing plans is best?
A. When production and staffing plans are made, aggregation can be performed only along two dimensions: products and time.
B. Production and staffing plans specify production rates, workforce levels, and inventory holdings, but do not account for capacity limitations because they are aggregated.
C. Production and staffing plans attempt to achieve several objectives, all of which must be consistent with one another.
D. The impact of production and staffing plans cuts across several functional areas of the firm.
Bus 475 guide 1 53) Fundamental points about network computing in organizatio...jackkumaran
53) Fundamental points about network computing in organizations include all of the following except:
A. Networks have had limited impact on organizational productivity
B. Computers constantly exchange data
C. Computer data exchange provides significant advantages to organizations
D. Networks can be of any size, from small to enormous
E. Networks support new ways of doing business
Read more: http://www.opengroup.org/onlinepubs/7619899/toc.htm
Bus 475 guide 1 51) Queuing models use an A/B/C notation. What do these varia...jackkumaran
51) Queuing models use an A/B/C notation. What do these variables represent?
A. maximum time between arrivals/maximum allowable service time/maximum number of parallel servers
B. distribution of time between arrivals/distribution of service times/number of parallel servers
C. average time between arrivals/average service time/number of parallel servers
D. minimum time between arrivals/minimum allowable service time/minimum number of parallel servers
Read more: http://en.wikipedia.org/wiki/Queueing_model http://it.toolbox.com/blogs/enterprise-solutions/queuing-theory-models-14995
Bus 475 guide 1 41) ABC International carefully watches the actions of its mo...jackkumaran
41) ABC International carefully watches the actions of its most innovative competitor and learns from them. ABC can establish a low-cost position by:
A. Mass-producing products that have an established market niche
B. Producing an imitation of the new technology that utilizes lower-quality and lower-cost materials
C. Making subtle changes to the product, thereby avoiding patent restrictions
D. Learning from the leader thereby avoiding the costs and risks of technology leadership
E. Technology followers are not successful at low-cost strategies
Bus 475 guide 1 65) Exchange rate risk: A. has been phased out due to rece...jackkumaran
65) Exchange rate risk:
A. has been phased out due to recent international legislation.
B. arises from the fact that the spot exchange rate on a future date is a random variable.
C. applies only to certain types of domestic businesses.
D. doesn’t affect trades made in US Dollars.
Read more: http://www.investorwords.com/1808/exchange_rate_risk.html
http://moneyterms.co.uk/exchange-rate-risk/
Bus 475 guide 1 60) International Game Technology’s new ERP system produced a...jackkumaran
60) International Game Technology’s new ERP system produced all of the following benefits except:
A. The company gained flexibility in manufacturing products
B. Integrated the company’s business functions
C. Company was able to maintain its original business processes
D. ERP system connected the company’s global operations
E. Operations employees were able to access manufacturing process details at their workstations
Bus 475 guide 1 48) Suppose that the optimal values of the decision variab...jackkumaran
48) Suppose that the optimal values of the decision variables to a two-variable linear programming problem remain the same as long as the slope of the objective function lies between the slopes of the following two constraints:
2X1 + 3X2 26
2X1 + 2X2 20
The current objective function is:
8X1 + 9X2 = Z
Which of the following statements about the range of optimality on c1 is TRUE?
A. 0 c1 2
B. 9 c1 12
C. 2 c1 6
D. 6 c1 9
Bus 475 guide 1 59) Information-based industries are most susceptible to wh...jackkumaran
59) Information-based industries are most susceptible to which one of Porter’s five forces?
A. bargaining power of suppliers
B. rivalry among existing firms in an industry
C. bargaining power of customers
D. threat of substitute products
Read more: http://www.quickmba.com/strategy/porter.shtml http://en.wikipedia.org/wiki/Porter_five_forces_analysis
Bus 475 guide 1 49) Which one of the following statements concerning produc...jackkumaran
49) Which one of the following statements concerning production and staffing plans is best?
A. Aggregation can be performed along three dimensions: product families, labor, and time.
B. A master production schedule is a projected statement of income, costs, and profits.
C. A staffing plan is the intermediate link between the business plan and the master production schedule.
D. Production plans are based primarily on information from the master production plan.
Read more: http://asumag.com/mag/university_building_staffing_plan/ http://www.lotsofessays.com/viewpaper/1712622.html
Bus 475 guide 1 62) Which of the following are not provided by digital dashbo...jackkumaran
62) Which of the following are not provided by digital dashboards?
A. Key performance indicators
B. Drill down
C. Transaction processing
D. Status access
E. Exception reporting
Read more: http://en.wikipedia.org/wiki/Dashboards_%28management_information_systems%29
http://www.infovis.net/printMag.php?num=143&lang=2
Bus 475 guide 1 46) William used a sample of 68 U.S. cities to estimate the ...jackkumaran
46) William used a sample of 68 U.S. cities to estimate the relationship between Crime (annual property crimes per 100,000 persons) and Income (median income per capita). His estimated regression equation was Crime = 428 + .050 Income.
Which outcomes would be likely in a bivariate regression on 45 randomly chosen U.S. cities in 2005 with
Y = number of robberies in each city (thousands of robberies) and
X = size of police force in each city (thousands of police)?
A. No correlation.
B. Autocorrelation.
C. Positive slope (due to city size).
D. High R2 (due to city size).
Read more: http://geography.uoregon.edu/geogr/topics/regression01.htm
Bus 475 guide 1 66) A machine costs $1,000, has a three-year life, and has an...jackkumaran
66) A machine costs $1,000, has a three-year life, and has an estimated salvage value of $100. It will generate after-tax annual cash flows (ACF) of $600 a year, starting next year. If your required rate of return for the project is 10%, what is the NPV of this investment? (Round your answerwer to the nearest $10.)
A. $900
B. $490
C. $570
D. -$150
Bus 475 guide 1 61) Which of the following is not a reason that managers need...jackkumaran
61) Which of the following is not a reason that managers need IT support?
A. Need to access remote information sources
B. Number of alternatives are decreasing
C. Decisions must typically be made under time pressure
D. Decisions are becoming more complex
E. Decision makers are often in different locations
Bus 475 guide 1 40) One study found that manufacturing labor costs about ____...jackkumaran
40) One study found that manufacturing labor costs about _____ an hour in China, compared to _____ dollars in the United States.
A. $2; about 25
B. About $2; about 15
C. Less than $1; about 15
D. Less than $1; about 25
E. Less than $1; about 40 (Check your textbook!!!)
Bus 475 guide 1 47) Thirty patients are selected from a filing cabinet contai...jackkumaran
47) Thirty patients are selected from a filing cabinet containing 812 patient folders by choosing every 27th patient folder. Which sampling method is this?
A. Cluster sample
B. Simple random sample
C. Stratified sample
D. Systematic sample
Bus 475 guide 1 43) Which of the following statements is true? A. If A and B...jackkumaran
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A. If A and B are independent events, the P(B) = P(A) P(B).
B. If event (A) occurs, then its complement (A') will also occur.
C. The probability of A and its complement (A') will always sum to one.
D. The sum of two mutually exclusive events is one.
Bus 475 guide 1 64) Which of the following is most consistent with the hedg...jackkumaran
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Read more: http://www.forex-currency-trading-tips.com/tag/definition-of-hedging-principle
Bus 475 guide 1 52) Which is not a tool of statistical quality control? A....jackkumaran
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http://www.vertex42.com/ExcelTemplates/fishbone-diagram.html
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A norm is a social rule.There are many norms that help to frame how we are supposed to behave in our daily lives, one example is gender norms (what are social rules we follow to 'be masculine' and to 'be feminine'); another example is standing in line (consider what would happen if you cut everyone in line at 8am in a Starbucks?).
Note: it is important that you conduct the observations and norm breaking during this class; recalling past observations is not the same as purposefully observing your surroundings from a sociological perspective.
In essay format, complete steps 1 through 6 below.
1
.
(
a.)
Define
norm
(
b.)
List two norms you tend to observe in everyday life
The purpose of this exercise if for you to observe ONE social setting to begin to detect patterns in human behavior - observance of norms and potentially behaviors that deviate from the norm.This week's exercise includes two parts.
First
, you will need to go to
ONE
public
place and observe the people there for
25 minutes
.Note people's behavior, their demeanor, their reactions/interactions to/with each other.
Second
, you will break a norm and observe people's reactions to your norm breaking behavior
2.
Identify the norm you are going to break.
3.
Choose a time and location for when you are going to conduct your observations
4.
Go to the specified location and proceed with your observations
(a.)
You must also be a keen social observer; a "peeping Tom" in the sociological sense.Take handwritten (recommended) and/or mental notes of:
i.
details about your chosen location (time of day, lighting, furniture, plants, sounds, temperature, smell, vibe/energy, etc)
ii.
the people around you, not only their behavior but general information about their sociodemographic characteristics (age, race/ethnicity, gender, SES, etc);
iii.
{
your thoughts and feelings while observing may be a brief section of the paper.
(b.)
After
observing your social setting for 25 minutes, you will now go about your norm- breaking
i.
note: if your norm-breaking includes changing your visible appearance, you will need to conduct your general observations, and observations when breaking your norm, at two different times.
ii.
The setting and timing of your norm-breaking behavior will vary, but carefully observe people's reactions to you during your norm breaking for a minimum of 10 minutes. (the longer the better)
(5.)
Write a 2 - 4 page reaction paper about your observations and norm breaking.Your paper should include
a.
Norm definition, examples of two norms, and norm you chose to broke
b.
a thick description of the location (i.e. building you were in (what is the architecture like), descriptions of people there (in terms of socio-demographic characteristics: age, race/ethnicity, gender, socio-economic status), sounds, smells, temperature, time of day and week, etc);
c.
cl.
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APA style.
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Research Methods
Results
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References
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Reference Page.
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Times new roman
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English 101-209
Professor McGraw
Essay #1 Rhetorical Analysis
Assignment: Write a paper formatted in MLA style of four to five pages in length (use Times New Roman 12) that addresses the topic below. You must include a Works Cited page.
Following the examples and instructions in Chapter Eight of
Writing Arguments
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Fleming’s “Youthful Indiscretions”
What is a Rhetorical Argument?
A
Rhetorical Argument
is basically a persuasive argument that uses one or a combination of its three distinct "appeals":
Ethos
,
Pathos
, and
Logos
. An argument that makes use of
Ethos
appeals to the character of the speaker. An argument that makes use of
Pathos
appeals to emotion. Lastly, an argument that makes use of
Logos
appeals to reason. In general, a
Rhetorical Argument
may make use of one or a combination of any of the appeals. Here are several examples of the three distinct appeals commonly used in
Rhetorical Arguments
.
ETHOS
To use
Ethos
is to appeal to the character of the speaker. That is, a claim may be argued and may be supported through a reference to the reputation, character or authority of the speaker. For example,
I will never steal from the cash register because I have been employee of the month for three consecutive months now. As far as our colleagues know, I am a kind and religious person who has been very helpful to my fellow employees in this restaurant. It does not make sense to accuse me of stealing the money.
PATHOS
To use
Pathos
is to appeal to the emotions of the reader or the audience. The primary goal is to persuade the reader or the audience through the use of key words or language that appeal to the feelings of a person. For example,
John will never steal from the cash register. If he did, he will be fired from work and will be sent to jail. Who will now finance the needs of his family? His wife does not have a job. He has three little kids who need the guidance of a loving father. Without John by their side, they will grow fatherless and, God knows, they may turn into homeless kids. John should not be suspected of committing the crime.
LOGOS
To use
Logos
is to use reason to persuade or to make an argument. Typically, it makes use of deductive or inductive arguments to prove a point. For example,
(Logos using a deductive argument)
Chris was alone in the office at 8 o'clock in the e.
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.
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Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
The Ohio State UniversityEconomics 4300, Government Finance in.docx
1. The Ohio State University
Economics 4300, Government Finance in the American
Economy
William J. White
Autumn, 2018
Second Homework Assignment
Name and Dot Number
____________________________________________
Multiple Choice Questions
30 points total
_____
1. Which if of the following describes a spillover (positive
externality)?
a) Air pollution from a factory that dirties clothes in a nearby
dry cleaner.
b) Second-hand smoke in a crowded restaurant or concert venue.
c) The knowledge passed on by students to their family and
friends.
d) The impact of one more driver on a freeway at rush hour.
2. _____ 2. Which of the following would NOT be a command-
and-control action of the
Environmental Protection agency?
a) Issuing tailpipe emission standards for passenger vehicles to
limit carbon monoxide.
b) Publishing a list of hazardous chemicals that requires
notification prior to use.
c) Requiring continuous monitoring of pollution-containing air
and water discharges.
d) Implementing a Pigovian tax on releases of sulfur dioxide
into the atmosphere.
_____
3. The Clean Air Markets program is an example of:
a) a market-based approach to eliminating pollution
externalities.
b) a command-and-control response to reduce the negative
impacts of air pollution.
c) a system by which industrial gas companies colluded to keep
their prices high.
d) yet another government program that failed to achieve its
primary objective.
3. _____ 4. The effect of a negative externality is similar to:
a) A supply curve (marginal social cost) shifting to the left.
b) A supply curve (marginal social benefit) shifting to the
right.
c) A demand curve (marginal social cost) shifting to the left.
d) A demand curve (marginal social benefit) shifting to the
right.
_____ 5. A positive externality results from the purchase of
smoke detectors. If smoke
detectors are sold in a competitive market,
a) the marginal social benefit of smoke detectors is less than
the marginal private
benefit received by any consumer.
b) the marginal social benefit will exceed the marginal private
benefit received by
any consumer.
c) in equilibrium the marginal social cost of smoke detectors
will equal the marginal social benefit.
d) in equilibrium the marginal social benefit of smoke detectors
is zero.
_____
6. The marginal external cost associated with paper production
is constant at $10 per
ton per year. The competitive market equilibrium for paper
production is currently 10
million tons per year. A corrective tax on paper production:
4. a) will collect $100 million annually.
b) will collect more than $100 million annually.
c) will collect less than $100 million annually.
d) will reduce annual damages to those other than buyers and
sellers of paper to zero.
_____ 7. Which of the following is true about command-and-
control regulation that allows
businesses to emit pollutants up to a certain point and bans
emissions after that limit
is reached?
a) They are equivalent to emissions charges.
b) They make firms pay the marginal cost of the damages done
by their emissions, no matter what the level.
c) They allow firms to emit some pollutants at zero charge.
d) They will always minimize the cost of achieving any given
reduction in emissions.
_____ 8. The Environmental Protection Agency was formed in
1970 to:
a) establish standards to describe the qualities of clean air and
water.
b) create rules for allowable pollution levels from new and
existing sources.
c) enforce environmental laws with fines and other sanctions.
d) all of the above.
_____ 9. If a government regulator forced a natural monopoly
5. firm to charge a price equal
to its marginal cost:
a) the firm would earn zero profit in equilibrium.
b) the firm's average revenue would exceed its average total
cost.
c) the firm would most likely choose to shut down.
d) all of the above are true.
_____ 10. Governments attempt to discourage or eliminate
monopolies in most industries:
a) because they charge a price that is too low versus the
competitive equilibrium.
b) in order to increase the size of the dead-weight loss
produced by monopolies.
c) because they produce a quantity that is too low versus the
competitive equilibrium.
d) all of the above.
_____ 11. Which of these markets displays aspects of first
degree price discrimination?
a) The market for college tuition.
b) The market for airline tickets.
c) The market for new automobiles.
d) all of the above.
6. _____ 12. When a firm has a natural monopoly, the firm's:
a)
marginal cost always exceeds its average total cost;
b)
total cost curve is horizontal;
c)
average total cost curve is downward sloping;
d)
marginal cost curve must lie above its average total cost curve.
_____ 13. The housing crash of 2007-2010 was caused, in
part, by these market failures:
a)
knowledge-based positive externalities.
b)
common resources subject to congestion.
c)
principal-agent type moral hazards.
d)
market destroying adverse selections.
_____ 14. How did the Affordable Care Act (ACA) attempt to
eliminate adverse selection
7. in health care insurance markets?
a)
It forced all individuals to stay in the insurance pool.
b)
It forced large companies to provide insurance for their
employees.
c)
It forced individuals to reveal information about their health
status to insurers.
d)
The ACA did not attempt to eliminate adverse selection.
_____ 15. Which of the following is not a likely result of
imperfect monitoring of agents by
their principals?
a)
incentives of agents to take excessive risks.
b)
alignment of incentives between principles and agents.
c)
incentives of agents to shirk their responsibilities.
d)
a tendency of principals to overpay their agents.
Essay Question
8. 20 points total
16. The first part of this course has been devoted to making a
case for government action in our economy by identifying
market behaviors or outcomes that lead to inefficiencies or
inequities. Please list four of the examples we have discussed,
explain why these situations may be of concern to governments,
and describe actions governments can and do take to resolve or
minimize the impact of these problematic situations.
_____________________________________________________
___________________
_____________________________________________________
___________________
_____________________________________________________
___________________
_____________________________________________________
___________________
_____________________________________________________
___________________
_____________________________________________________
___________________
_____________________________________________________
___________________
_____________________________________________________
___________________
_____________________________________________________
13. follow.
3. Collected relevant evidences and consulted additional
papers/resources to support the propositions.
4. Paper is clearly written with appropriate format. Reference
list is complete. Citation is properly done.
My notes: FOR THIS ASSIGNMENT:
My Hypothesis: The market demand and organizational culture
defines innovation and performance in a company
Cited sources within your comment to support your statements.
Include references, properly formatted
6pgs
Required Reading
Three journal papers in your area of research interest (e.g.,
focusing on your DV), which clearly discuss contributions to
theory and practice.
Optional Reading
Additional 3 journal papers in your area of research interest
(e.g., focusing on your DV), which clearly discuss contributions
to theory and practice.
