XECO212-International_Trade_Simulation.....

Assignment: International Trade Simulation

Complete the International Trade Simulation.

Write a 1,050- to 1,250-word report advising the President of Rodamia making recommendations for international trade. Address the following:

o List at least one advantage and one limitation of international trade you encountered in the simulation.

o Define absolute and comparative advantage in your own words.

o Explain how absolute and comparative advantages were used in your simulation.

o Describe the influences affecting foreign exchange rates.

XECO212-International Trade Simulation Assignment Week-8...-2019

Part I.  After completing your trade simulation answer the following questions (keep in mind that you can complete the simulation as many times as you wish):

1.       What is an absolute advantage? (2 points)

2.       What is a comparative advantage? (2 points)

3.       What is the country's maximum amount of corn and cheese it can produce (PPF)? Fill out the table below  for Uthania and Alphazia (4 points) 

	Cheese	Corn
Rodamia	8	4
Uthania
Alphazia

4.       What is the opportunity cost of production of one unit of cheese and 1 unit of corn for Uthania and Alphazia? (4 points)

	Opportunity costs of producing
	1unit of cheese	1 unit of corn
Rodamia	1/2 unit of corn	2 units of cheese
Uthania
Alphazia

5.       What is the country's maximum amount of watches and DVD players it can produce (PPF)? Fill out the table below  for Rodamia, Suntize, and Uthania (6 points) 

 

	Watches	DVD players
Rodamia
Suntize
Uthania

6.       What is the opportunity cost of production of 1 unit of watches and 1 unit of DVD players for Suntize and Uthania ? Fill out the table; follow the answers from your trade simulation. (4 points)

	Opportunity costs of producing
	1 unit of watches	1 unit of DVD players
Rodamia	2/3 units of DVD players	1.5 units of watches
Suntize
Uthania

 

7.       Does comparative advantage imply the country has the lowest opportunity cost of production? (2 points)

Yes___    No___

8.       According to the information from questions 1-6,  fill out the following table for the lowest opportunity cost (comparative advantage), lowest cost (absolute advantage) that is which country is able to produce the maximum units. You should put the relevant country in each cell ( 6 points) :

	Cheese	Corn	Watches	DVD Player
Absolute advantage	Alphazia
Comparative advantage	Rodamia

9.       Will you import corn or cheese to Rodamia?  From which country? Why? Does the simulation support your choice?(4 points)

10.   Will you import watches or DVD players? From which country? Why? (4 points)

11.   Will you impose a tariff or quota against dumping watches? (Check one) (3 points))

Tariff___________   Quota_________ I will not impose tariff or quota________

12.   Explain your answer for question 10.  Why did not impose a tariff or quota? Also indicate how much of quota or tariff you decided to impose?  (3 points)

13. Will you impose a tariff to protect your corn industry?  Yes___ No___(3 points)

14.  Justify your answer for question 13.   (3 points)

15. If you were to write a report to the president of Rodamia would you recommend a free trade (FTA) or trade with some restrictions? Explain your answer. (5 points)

16. Do Lisa Blake and Walter Barnes support Free Trade? Why or why not? What do they agree and disagree on? (5 Points)

17. What would be advantages of free trade for Rodamia? List at least 2 advantages. (5 points)

18. What are the limitations of free trade for Rodamia? List at least 2 limitations. (5 points)

19. How would trade affect Rodamia's currency and exchange rate? (5 points)

20. What role do comparative and absolute advantages play in the trade agreement? Explain your logic and give example from the simulation (9 points)

XECO212-10_principles_of_economics in buying laptop-2019

In your own words, using the 10 Principles of Economics outlined in Ch. 1 of Mankiw's Principles of Economics, prepare a response to the following questions: How can each of the 10 principles be applied in an example or experience with which you are familiar? How do you intend to use your newfound knowledge in future economic decisions?

 

XECO212- International Trade Debate-2019

International Trade Debate:

The United States must place high tariffs and use quotas to restrict trade with foreign countries.
•Consider the following issues:

o The strength of the dollar on domestic and global economies
o Benefits from tariffs or quotas
o Losses from tariffs or quotas

SO245 Online Exam 7_10 SCORE 100 PERCENT

Question 1 of 40 5.0 Points
A day after Austria-Hungary declared war on Serbia, __________ ordered mobilization against Austria-Hungary.
  A.  Britain
  B.  Russia
  C.  Italy
  D.  France

Question 2 of 40 5.0 Points
According to __________, "Armed conflict kills and maims more children than soldiers."
  A.  GraçaMachel
  B.  S.L.A. Marshall
  C.  Franklin Roosevelt
  D.  Lt. Col. Grossman

Question 3 of 40 5.0 Points
The French wars of religion amounted to a civil war that ended in:
A.  the conclusive victory of the Roman Catholic Church.
B.  a protracted and inconclusive stalemate.
C.  the conclusive victory of the Protestant Huguenots.
D.  the expulsion from France of all French Protestants.

Question 4 of 40 5.0 Points
According to your reading, regarding the Spanish conquest of the Aztecs, which statement is TRUE?
  A.  The role of Aztec warriors was forcing weaker states to pay tribute.
  B.  The Aztecs thought the Spaniards were demons.
  C.  Because the Aztecs were illiterate, they could not read Spanish treaty provisions.
  D.  The Aztecs rallied numerous tribes in an effort to defeat the Spaniards.

Question 5 of 40 5.0 Points
Who among the following proposed that "Man is wolf to man"?
  A.  Winston Churchill
  B.  Robert Lewis Stevenson
  C.  Sigmund Freud
  D.  Aristotle

Question 6 of 40 5.0 Points
Following World War I, which country refused to sign the Treaty of Versailles?
  A.  United States
  B.  France
  C.  Russia
  D.  Italy

Question 7 of 40 5.0 Points
The concept of national sovereignty was established by:
A.  the European invasion of the Holy Lands.
B.  the Treaty of Westphalia.
C.  the Protestant Reformation.
  D.  The Peace of Augsburg.

Question 8 of 40 5.0 Points
During World War I, the Triple Alliance consisted of:
  A.  Britain, France, and the United States.
  B.  The Austro-Hungarian Empire, France, and Britain.
  C.  Britain, France, and Russia.
  D.  France, Britain, and Italy.

Question 9 of 40 5.0 Points
By the end of World War II, the only two countries that could claim to be world powers were:
  A.  Japan and the United States.
  B.  Germany and Japan.
C.  the Soviet Union and Germany.
D.  the United States and the Soviet Union.

Question 10 of 40 5.0 Points
In respect to the Treaty of Versailles, the last of Wilson's 14 points proposed:
A.  that all nations must disarm.
B.  the creation of a League of Nations.
C.  the creation of a World Court.
D.  that nations shall not enter into secret agreements.

Question 11 of 40 5.0 Points
In 1914, Great Britain declared war against Germany. What was the reason for this decision?
  A.  Britain had to honor its treaty with Belgium.
  B.  The British felt that they should render assistance to France.
  C.  The British were alarmed by Russia's rush to mobilize.
  D.  Britain was an age-old enemy of the Austro-Hungarian Empire.

Question 12 of 40 5.0 Points
Regarding __________ colonialism, the highest rates of alcoholism, depression, poverty, and suicide are found among Native Americans.
A.  domestic
B.  indigenous
C.  internal
D.  nativist

Question 13 of 40 5.0 Points
During which major battle in the Pacific did kamikaze attacks result in very high American casualty rates?
  A.  Iwo Jima
  B.  Okinawa
  C.  Battle of Midway
  D.  Guadalcanal

Question 14 of 40 5.0 Points
The age of Western colonialism ended following World War II. The nation that led that trend was:
  A.  France.
B.  the United States.
  C.  Belgium.
  D.  Great Britain.

Question 15 of 40 5.0 Points
Partisans use strike and retreat, harassment, and sabotage tactics. Partisans can be said to engage in __________ warfare.
A.  disorganized
B.  revolutionary
C.  civil
D.  asymmetric

Question 16 of 40 5.0 Points
In the actuality of war, the means of diplomacy–trade, commerce, and civil discourse–are suspended. Therefore, it can be said that:
A.  war is an extension of politics by other means.
B.  there is a radical discontinuity between peace and war.
C.  there is an inevitable alternation between war and peace.
D.  diplomacy is an ineffective effort to forestall inevitable armed conflict.

Question 17 of 40 5.0 Points
During the first day of the Battle of the Somme, of 100,000 British troops who stormed the German defenses, some 60,000 were killed by:
A.  massed artillery.
B.  mustard gas.
C.  machine guns.
D.  counterattacking German troops.

Question 18 of 40 5.0 Points
During the American Civil War, which of these technological advances was directly linked to logistics?
  A.  The invention of the Spencer repeating rifle
  B.  The utilization of machine mass production
  C.  The utilization of the factory system
  D.  The use of railroads for moving men and supplies

Question 19 of 40 5.0 Points
The von Schlieffen plan was aborted:
A.  by Belgian resistance.
B.  at the First Battle of the Somme.
C.  by the Allies' use of mustard and chlorine gas.
D.  at the first Battle of the Marne.

Question 20 of 40 5.0 Points
Concerning the Armenian genocide, which statement is TRUE?
  A.  Armenians are an ancient Muslim people.
  B.  Few Armenians were killed; most were deported from Turkish territory.
  C.  To this day, Turkey denies any part in the Armenian genocide.
  D.  The massacre only ended after 1945.

Question 21 of 40 5.0 Points
Under British rule in India, British-trained native troops were called:
  A.  Lions.
  B.  Bengals.
  C.  Tigers.
  D.  Sepoys.

Question 22 of 40 5.0 Points
At its height, the British Empire occupied about __________ of Earth's land areas.
A.  one fifth
B.  one third
C.  one eighth
D.  one fourth

Question 23 of 40 5.0 Points
Since 1931, Canada, Australia, and New Zealand are referred to as __________ of the British Commonwealth.
A.  provinces
B.  colonies
C.  crown provinces
D.  dominions

Question 24 of 40 5.0 Points
Every __________ person on our planet lives in poverty.
A.  third
B.  fifth
C.  eighth
D.  tenth

Question 25 of 40 5.0 Points
A __________ is a set of assumptions that are taken for granted.
A.  principle
B.  theory
C.  doxa
D.  hypothesis

Question 26 of 40 5.0 Points
When was Japan a de facto colony?

  A.  Under General Douglas Macarthur from 1945 to 1947
  B.  During the Meiji Restoration
  C.  Briefly following the Russo Japanese of 1905
  D.  During the Chinese Yuan Dynasty

Question 27 of 40 5.0 Points
Regarding Portuguese and Spanish colonialism, all of the following are
true EXCEPT:
  A. 
the English word, "chocolate" came from the Aztec word – chocolatl.

   B.  Portugal colonized Brazil.
C.  the potato is native to Colombia.
D.  silver and gold acquired from New Spain funded colonialism.

Question 28 of 40 5.0 Points
Regarding peripheral countries or regions, all of the following are true EXCEPT:
A.  they are all dependent on core countries for capital.
B.  the term peripheral is not necessarily synonymous with poverty.
C.  most of the impoverished countries are in Africa.
D.  there is a downward spiral to the bottom as peripheral states lower
wages in order to compete with all other nations.

Question 29 of 40 5.0 Points
In the New World, the era of Western colonialism was initiated by:
  A.  Portugal.
  B.  Spain and Portugal.
  C.  Holland and Spain.
  D.  France and England.

Question 30 of 40 5.0 Points
Between 1600 and 1765, the British East India Company established __________ at Bombay, Calcutta, and Madras.
A.  presidencies
B.  companies
C.  provinces
D.  commonwealths

Question 31 of 40 5.0 Points
Who was King Leopold's "man in Africa"?
  A.  Joseph Conrad
  B.  David Livingston
  C.  Albert Camus
  D.  Henry Morton Stanley

Question 32 of 40 5.0 Points
According to Wallerstein, during the 17th and 18th centuries, because that country's economy was all but entirely domestic, Russia was counted among the __________ nations.
A.  external
B.  core
C.  peripheral
D.  semi-peripheral

Question 33 of 40 5.0 Points
In the 19th century, as a result of the economic depression in Europe, colonial powers used their colonies as "dumping grounds" for masses of the unemployed. An earlier 18th precedent for this sort of thing occurred when thousands of __________ were shipped to __________.
A.  unemployed Dutch peasants; Aruba and New Amsterdam
B.  unemployed Scottish miners; New Zealand
C.  unemployed Scots-Irish miners; the U.S. Appalachians.
  D.  British convicts; Australia

Question 34 of 40 5.0 Points
In 1750, Sir Robert Clive:
A.  established the British trading post at Madras.
B.  defeated the French military assault in India.
C.  established the British trading center at Calcutta.
D.  single-handedly established the British Raj in India with his forces.

Question 35 of 40 5.0 Points
Wallenstein describes the world system as dynamic and ever changing. Thus, today, all of these countries are considered postindustrial states EXCEPT:
A.  the United States.
B.  the European Union.
  C.  Brazil.
  D.  Japan.

Question 36 of 40 5.0 Points
In America, classical liberalism was abandoned for a time, following:
A.  the signing of the Treaty of Versailles.
B.  the Civil War.
  C.  President Kennedy's assassination.
D.  the stock market crash of 1929 and the subsequent Great Depression.

Question 37 of 40 5.0 Points
In the Rwanda genocide:
A.  three quarters of the Hutu people were slaughtered.
B.  approximately 300,000 thousand men, women, and children were killed.
C.  three quarters of the Tutsi people were slaughtered.
D.  the genocide was initiated by the Tutsi people.

Question 38 of 40 5.0 Points
Today, Canada's RCMP is an entirely independent agency and the rough equivalent of America's:
  A.  DEA.
  B.  CIA.
  C.  FBI.
  D.  ATF.

Question 39 of 40 5.0 Points
Among the Western nations that joined in the 19th century rush to establish colonies in Africa, which nations led the pack in terms of square miles claimed?
  A.  Great Britain, France, and Belgium
  B.  Great Britain, France, and Portugal
  C.  France, Spain, and Great Britain
  D.  France, Great Britain, and the Netherlands

Question 40 of 40 5.0 Points
Great Britain outlawed the slave trade in:
A.  1865.
B.  1861.
C.  1833.
D.  1807.

SC160 Lesson 8 Exam SCORE 95 PERCENT

Exam 8 SC160
Question 1 (5 points)
 
Which of these factors operates in a density-dependent manner?
Question 1 options:

Blizzard

Volcanic eruption

Food supply

Flood
Save
Question 2 (5 points)
 
The temperate zones:
Question 2 options:

have the coolest climates on Earth.

are relatively wet.

are relatively dry.

are the zones closest to the equator.
Save
Question 3 (5 points)
 
Opportunistic species typically:
Question 3 options:

are very long-living.

have a large number of offspring.

reach sexual maturity slowly.

exhibit a Type I survivorship curve.
Save
Question 4 (5 points)
 
An example of a mutualism, or +/+ relationship, is:
Question 4 options:

the relationship between corals and unicellular algae.

cryptic coloration in frogs.

herbivory.

the relationship between Virginia's warblers and orange-crowned warblers, which use some of the same resources.
Save
Question 5 (5 points)
 
Sustainable development:
Question 5 options:

will require making difficult decisions regarding the environment and lifestyle.

must be achieved if the human species is to survive.

will require global, multinational cooperation.

involves all of the above.
Save
Question 6 (5 points)
 
Most decomposers are:
Question 6 options:

plants and fungi.

bacteria and plants.

fungi and prokaryotes.

animals.
Save
Question 7 (5 points)
 
The effect of deforestation has been to:
Question 7 options:

decrease the amount of carbon dioxide in the atmosphere. (Incorrect)

increase the amount of carbon dioxide in the atmosphere.

increase the rate at which carbon dioxide is incorporated into organic material.

increase the rate of carbon dioxide production through cellular respiration.
Save
Question 8 (5 points)
 
A regional assemblage of interacting ecosystems is a:
Question 8 options:

biome.

landscape.

movement corridor.

hot spot.
Save
Question 9 (5 points)
 
Which population is growing at the fastest rate?
 
Question 9 options:

Population A

Population B

Population C

Not enough information to tell
Save
Question 10 (5 points)
 
Besides the atmosphere, abiotic reservoirs of carbon dioxide include:
Question 10 options:

fossil fuels and dissolved carbon compounds in the oceans.

rocks and dissolved carbon compounds in the oceans.

fossil fuels only.

rocks only.
Save
Question 11 (5 points)
 
You arrive back in the United States after having visited a foreign country located on another continent. The customs agent stops the person in front of you and confiscates the fruit basket this person is bringing home. Being the knowledgeable person you are, you calmly explain to your enraged fellow traveler that the reason for the detainment is that the fruit basket may be:
Question 11 options:

carrying endangered fruit.

carrying a nonnative species that could damage North American ecosystems.

contaminated with CFCs that will damage the ozone layer above North America.

contaminated with sufficient DDT to cause serious harm to anyone who eats the fruit.
Save
Question 12 (5 points)
 
Which nutrients often limit the distribution and abundance of photosynthetic organisms?
Question 12 options:

Water and oxygen

Nitrogen and phosphorus

Carbon dioxide and nitrogen

Water and carbon dioxide
Save
Question 13 (5 points)
 
__________ is the maximum population size that a particular habitat can support.
Question 13 options:

Crash point

Carrying capacity

Intrinsic population size

Intrinsic rate of increase
Save
Question 14 (5 points)
 
A study of the human ecological footprint shows that:
Question 14 options:

we have already overshot the planet's capacity to sustain us.

Earth can sustain the current population, but not much more.

Earth can sustain a population about double the current population.

human population size will soon crash.
Save
Question 15 (5 points)
 
Which of the following is a behavioral response to environmental variability?
Question 15 options:

Migrating to a different location

Acclimation

Endothermy

"Flagging" by trees
Save
Question 16 (5 points)
 
__________ convert nitrogen from a form that can be assimilated by plants to N2.
Question 16 options:

Nitrifying bacteria

Nitrogen-fixing bacteria living in the soil

Denitrifying bacteria

Nitrogen-fixing bacteria living in the root nodules of legumes
Save
Question 17 (5 points)
 
Aquatic organisms:
Question 17 options:

have a waxy coating to prevent water loss.

may experience problems with water balance.

typically have a plentiful supply of nitrogen.

never find light to be in short supply.
Save
Question 18 (5 points)
 
What is one way in which energy flow differs from chemical cycling?
Question 18 options:

Energy flow is unidirectional; chemical elements can be recycled.

Energy can enter but cannot leave an ecosystem; chemical elements can leave but cannot enter an ecosystem.

Energy flows from lower to higher trophic levels; chemicals cycle from higher to lower trophic levels.

Energy can both enter and leave an ecosystem; chemical elements always remain within a single ecosystem.
Save
Question 19 (5 points)
 
The use of the Indian mongoose to control rat populations:
Question 19 options:

shows how effective biological control can be.

shows why integrated pest management usually fails.

became a disaster when the mongoose turned out to be as invasive as its target.

is an example of how coevolution makes biological control difficult.
Save
Question 20 (5 points)
 
The red-cockaded woodpecker, an endangered species, is dependent upon __________ for maintenance of its source habitat.
Question 20 options:

thick vegetation at least 15 feet in height

fire

floods

corn snakes
Save

SC160 Lesson 7 Exam SCORE 95 PERCENT

Exam 7 SC160
Question 1 (5 points)
 
What characteristic is unique to echinoderms?
Question 1 options:

A lack of segmentation

A water vascular system

Suction-cup-like feet

Larvae with bilateral symmetry
Save
Question 2 (5 points)
 
Rays are a type of:
Question 2 options:

tunicate.

cartilaginous fish.

jawless fish.

bony fish.
Save
Question 3 (5 points)
 
Nearly all __________ are aquatic.
Question 3 options:

crustaceans

arachnids

flatworms

roundworms
Save
Question 4 (5 points)
 
Unique features of vertebrates include the presence of a(n):
Question 4 options:

endoskeleton.

notochord.

skull and backbone.

pharyngeal slit.
Save
Question 5 (5 points)
 
Why are bryophytes considered incompletely liberated from their ancestral aquatic habitat?
Question 5 options:

Their embryos do not develop within gametangia.

Their sperm are flagellated.

The gametophyte generation is dominant.

They lack a cuticle.
Save
Question 6 (5 points)
 
The first hominid to spread beyond Africa was:
Question 6 options:

"Lucy".

<i>Australopithecus afarensis.</i>

<i>Homo erectus.</i>

<i>Homo neanderthalensis.</i>
Save
Question 7 (5 points)
 
How do New World monkeys differ from Old World monkeys?
Question 7 options:

New World monkeys have a prehensile tail.

New World monkeys have enhanced depth perception.

Old World monkeys are arboreal.

New World monkeys have nails; Old World monkeys have claws.
Save
Question 8 (5 points)
 
What important role do fungi play in many ecosystems?
Question 8 options:

They decompose organic material.

They pollinate plants.

They disperse the fruits of angiosperms.

They perform photosynthesis
Save
Question 9 (5 points)
 
The function of a mushroom is to:
Question 9 options:

produce seeds.

store nutrients.

produce spores.

absorb food.
Save
Question 10 (5 points)
 
The mobile stage of the cnidarian life cycle is the __________ stage.
Question 10 options:

instar

polyp

tadpole

medusa
Save
Question 11 (5 points)
 
__________, a chemical that hardens cell walls and supports terrestrial plants, is found in all plants EXCEPT __________.
Question 11 options:

Lignin; bryophytes

Cellulose; bryophytes

Calcium carbonate; ferns

Lignin; ferns and bryophytes
Save
Question 12 (5 points)
 
Like plants, fungi have __________; however, in plants they are composed of __________, whereas in fungi they are composed of __________.
Question 12 options:

cell walls; cellulose; chitin

cell walls; cellulose; peptidoglycan

cell membranes; phospholipids; peptidoglycan

cell walls; phospholipids; cellulose
Save
Question 13 (5 points)
 
Which of these human characteristics evolved first?
Question 13 options:

Enlarged brain

Erect posture

Language

Loss of body hair
Save
Question 14 (5 points)
 
What is this organism?
 
Question 14 options:

Fern

Fungus

Bryophyte

Gymnosperm
Save
Question 15 (5 points)
 
Which of these adaptations to a terrestrial existence evolved most recently?
Question 15 options:

Vascular tissue

Seeds

Gametangia

Cuticle
Save
Question 16 (5 points)
 
Why are ferns considered incompletely adapted to the terrestrial environment, when compared with other plants?
Question 16 options:

They lack vascular tissue.

Their sperm are flagellated.

The gametophyte generation is dominant.

They lack gametangia.
Save
Question 17 (5 points)
 
A true coelom is:
Question 17 options:

completely lined with tissue derived from endoderm.

completely lined with tissue derived from mesoderm.

formed when a zygote develops into a blastula.

completely lined with tissue derived from ectoderm.
Save
Question 18 (5 points)
 
What are hyphae?
Question 18 options:

Symbiotic associations between plant roots and fungi

Threadlike filaments that make up fungal bodies

Fungal reproductive structures

Fungal spores
Save
Question 19 (5 points)
 
Where did humans first appear?
Question 19 options:

South America

Africa

Asia

Europe
Save
Question 20 (5 points)
 
Annelids are most closely related to:
 
Question 20 options:

chordates.

arthropods.  (Incorrect)

molluscs.
    echinoderms.