In 2001 China became part of the WTO. The trade deal with the United States that lead to this was supposed to be good for not only the US but its trading partners, and there was no bigger trading partner than Canada.
a) Research the trade deal in 2000. Identify the leaders of China, the United States, and Canada at the time of the deal. Describe the deal providing reasons why each country would be in favour of the deal at the time. Illustrate what the deal was supposed to for Canada’s economic growth using charts.
b) Describe the outcome of the deal from 2001 to today in terms of what the result has been for the economies of China, United States, and Canada. Use charts to also illustrate your description of the economic outcome. Now describe how this deal has influenced the Canadian government’s economic intervention in terms of income distribution, unemployment, and fiscal and monetary policies.
c) What economic lessons have been learned from the deal? If we could go back in time how do you think the United States would try to change the deal?
d) What has this deal meant for you personally? Identify both positive and negative outcomes of the deal that will impact your career in business as well as you own personal standard of living.
e) Now understanding this trade deal, describe how you will become more engaged with macroeconomic policies and news. Describe why understanding macroeconomics is important to your livelihood.
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In 2001 A Company Installed A New Machine In One Of Its Factories At A Cost Of 5
/in Uncategorized /by developerIn 2001 a company installed a new machine in one of its factories at a cost of $580,000. The machine is linearly depreciated over 24 years with a scrap value of $16,000. Find an expression for the machine value in the tth year of use (0 < t < 24)
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In 2001 China Became Part Of The Wto
/in Uncategorized /by developerIn 2001 China became part of the WTO. The trade deal with the United States that lead to this was supposed to be good for not only the US but its trading partners, and there was no bigger trading partner than Canada.
a) Research the trade deal in 2000. Identify the leaders of China, the United States, and Canada at the time of the deal. Describe the deal providing reasons why each country would be in favour of the deal at the time. Illustrate what the deal was supposed to for Canada’s economic growth using charts.
b) Describe the outcome of the deal from 2001 to today in terms of what the result has been for the economies of China, United States, and Canada. Use charts to also illustrate your description of the economic outcome. Now describe how this deal has influenced the Canadian government’s economic intervention in terms of income distribution, unemployment, and fiscal and monetary policies.
c) What economic lessons have been learned from the deal? If we could go back in time how do you think the United States would try to change the deal?
d) What has this deal meant for you personally? Identify both positive and negative outcomes of the deal that will impact your career in business as well as you own personal standard of living.
e) Now understanding this trade deal, describe how you will become more engaged with macroeconomic policies and news. Describe why understanding macroeconomics is important to your livelihood.
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In 2002 905 Gss Respondents Watched Television For An Average Of 3 Hours A Day W
/in Uncategorized /by developerIn 2002, 905 GSS respondents watched television for an average of 3 hours a day, with a standarddeviation of 2.4 hours. Answer the following questions, assuming the distribution of the number oftelevision hours is normal.a) What is the Z score for a person who watches more than 8 hours per day
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In 2002 Jackson Incorporated Had Gross Sales Of 4269200 For 2002 Management Esti
/in Uncategorized /by developerin 2002, jackson incorporated had gross sales of $4269200. for 2002, management estimated that returns and allowances would be 5 percent of gross sales. what did jackson report as net sales on its 2002 income statement?
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In 2002 The Board Of Regents Responsible For All Public Higher Education Funding
/in Uncategorized /by developerIn 2002, the board of regents responsible for all public higher education funding in a large midwestern state hired a consultant to develop a series of enrollment forecasting models, one for each college. These models used historical data and exponential smoothing to forecast the following year’s enrollments. Based on the model, which included a smoothing constant () for each school, each college’s budget was set by the board. The head of the board personally selected each smoothing constant, based on what she called her “gut reactions and political acumen.”What do you think the advantages and disadvantages of this system are? Answer from the perspective of (a) the board of regents and (b) the president of each college. How can this model be abused and what could be done to remove any biases?
The very basis on which the system works is erroneous. No one can predict the number ofenrollments that a school or college can have in the coming year. Nothing can be ether taken asconstant or…
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In 2002 The Centers For Disease Control And Prevention Cdc Reported That 8 Of Wo
/in Uncategorized /by developerIn 2002, the Centers for Disease Control and Prevention (CDC) reported that 8% of women married for the first time by their 18th birthday, 25% married by their 20th birthday, and 76% married by their 30th birthday. Based on these data, what is the probability that in a family with two daughters, the first and second daughter will be married by the following ages? (Enter your answers to four decimal places.) (a) 18 years of age
(b) 20 years of age
(c) 30 years of age
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In 2005 Bob S Burgers Charged 1 50 For A Quarter Pound Hamburger With All The Fi
/in Uncategorized /by developerIn 2005, Bob’s Burgers charged $1.50 for a quarter-pound hamburger with all the fixin’s, and sold 7,500 of them. In 2006, although Bob raised the price to $1.75, sales of quarter-pound burgers rose to 8,200. Discuss why this does not represent a violation of the law of demand.
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In 2005 Dama S Exports Were 30 Billion Imports 40 Billion And Real Gdp 200 Billi
/in Uncategorized /by developerIn 2005, DAMA’s exports were $30 billion, imports $40 billion, and real GDP $200 billion. DAMA had a trade ________ equal to ________ of GDP in 2005.
A) surplus; 5 percent
B) deficit; 5 percent
C) surplus; 10 percent
D) deficit; 10 percent
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In 2006 Anheuser Busch Companies Inc Bud Engaged In The Production And Distribut
/in Uncategorized /by developerIn 2006, Anheuser-Busch Companies Inc. (BUD), engaged in the production and distribution of beer worldwide, operating through four business segments: Domestic Beer, International Beer, Packaging, and Entertainment. The Domestic Beer segment offers beer under Budweiser, Michelob, Busch and Natural brands in the United States, in addition to a number of specialty beers including non-alcohol brews, malt liquors, and specialty malt beverages, as well as energy drinks. The international Beer segment markets and sells Budweiser and other brands outside the United States and operates breweries in the United Kingdom and China. In addition, the International beer segment negotiates and administers license and contract brewing agreements with various foreign brewers. The packaging segment manufactures beverage cans and can lids or drink customers, buys and sells used aluminum beverage containers, and recycles aluminum containers. Finally, the Entertainment segment owns and operates theme parks. In 2005, Anheuser-Busch reported the following segment revenues and net income: ($ millions)
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In 2007 The Federal Reserve Began A Series Of Cuts In Interest Rates Designed To
/in Uncategorized /by developerIn 2007, the Federal Reserve began a series of cuts in interest rates designed to stimulate investment spending by firms. At the same time, housing construction, a component of investment, was dropping sharply. Go to www.census.gov and click on “Housing and New Construction” to see what happened between 2007 and 2009. Besides the drop in interest rates, what other factors might have influenced the level of investment spending during those years? Do you think the Federal Reserve achieved its goal? Explain.
AnswerThe data presented on “Housing and New Construction” between 2007 and 2009 shows thatthere is a drastic drop in the interest rates and the prices of the houses. Apart from the drop in…
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