Consider a $1,000 par value bond, with an annual paid coupon of 7%, maturing in 10 yea
A.8.28%
B.7.28%
C.6.28%
A.8.28%
B.7.28%
C.6.28%
Consider a hardware supply warehouse that is contractually obligated to deliver 1,000 units of a specialized fastener to a local manufacturing company each week. Each time warehouse places an order for these items from its supplier, an ordering and transportation fee of $20 is charged to the warehouse. The warehouse pays $1.00 for each fastener. Annual holding cost is 25 percent of inventory value, or $0.25 per year. The warehouse manager would like to know how much to order when inventory gets to zero (assuming the manufacturing plant operates for 50 weeks a year). Please answer the following questions: (Please write formulas to get the results) Demand D(per year) = Fixed setup cost K = Inventory holding cost h per item per time unit, h = Economic Order Quantity Q* = Number of orders per unit time = Length of order cycle (cycle time) = Total cost per unit time =
考虑下列式子描述的一个经济体的情况:
Y=C+I+G
Y=5000
G=1000
T=1000
C=250+0.75(Y-T)
I=1000-50r
a.在这一经济中,计算私人储蓄、公共储蓄和国民储蓄。
b.找出均衡利率。
c.现在假设G增加到1250。计算私人储蓄、公共储蓄以及国民储蓄。
d.找出新的均衡利率。
Consider an economy described by the following equations:
Y=C+I+G
Y=5,000
G=1,000
T=1,000
C=250+0.75(Y-T)
I=1,000-50r
a.In this economy, compute private saving, public saving, and national saving.
b.Find the equilibrium interest rate.
c.Now suppose that G rises to 1,250. Compute private saving, public saving, and national saving.
d.Find the new equilibrium interest rate.
(A simple delegated monitor model) Consider a firm who needs $100,000 to initiate a project. The payout of this project is $150,000 with probability 80% and $95,000 with probability 20% at the end of two years. Suppose that there are 100 small investors each with $1,000 to invest. If the project is initiated, only the firm (borrower) knows the result of the project whiles the lenders can not see the results. Hence the lenders would need to monitor the borrower; otherwise the borrower would always report minimum result and just pay back $950 to each investor regardless of the outcome of the project. However, as long as one of the lenders pay $500 monitor fee to get the information on the results of the project, the information will be known to everyone and the firm will pay $1,500 to each investor if the project succeeds and $950 if the project fails. Assume all the investor have an extra $500 and the firm can not run away. a) Suppose the project is the only investment opportunity for all the small investors. Will the small investors lend directly to the firm? Will the small investor pay the monitor fee? Why or Why not? (Assume each investor knows that there are many other small investors with $1,000 to lend, but each investor lives in an isolated island and cannot coordinate with other investors, he or she can only communicate with the firm) b) Will the project be funded if the 100 small investors can form a credit union? If yes, what is rate of return on the investment? Based on your analysis in part a) and part b), what is major problem in the economy that prevent the project from initiating? How could the financial intermediation solve this problem? What is the special function of the financial intermediation in the economy?
The same goes for all other levels, too. A simple "Hmmm" instead of "OK" can change a $25,000 salary into $28,000 and finance your new computer system. $45,000 can be pushed to $30,000, affording you that much-needed two-week vacation.
Anybody can negotiate a better salary. An extra $0.50, $1, or even a $3—5 an hour increase seldom exceeds a company's phone bill! From your perspective it's a ten-to fifty-percent raise. From their perspective, an extra fifty cents an hour costs them only as much as an extra hour of long-distance calls a week—something most businesses do without a second thought.
Don't worry that the employer will change his or her mind about hiring you just because you ask for more. Going through the whole recruiting-interviewing-hiring process again will cost a company much more than $1,000—5,000 anyway in the long run. Odds(可能性) are, you'll get that little extra, and the employer will still consider it a good bargain to avoid that hassle(麻烦).
What will happen if you give a "Hmmm" response when your boss says, "$4.65 an hour"?
A.Your boss will be angry.
B.You may be fired.
C.Your wage may be frozen.
D.You may get some extra money.
听力原文: Marriage has been an important part of people’s life from the early times. Most American marriages nowadays, especially first marriages involving young couples, are the result of mutual affection.
Parents hardly ever select spouses for their children, but they can usually influence their choices by voicing dis-approval of someone they consider unsuitable. Parents do not arrange marriages for their children but they are willing to offer some financial aid to the new couples.
The average age of marriage in the U. S.A. is 23 for man and 21 for woman. The legal marriage age is 18 for both male and female.
There are about 2,500,000 couples reporting marriages in the U. S. A. every year. The marriage rate in 1994 was 10.5 per 1,000 people. Of 2,487,000 marriages in 1994, about 1,155,000 were unsuccessful. The divorce rate in the U. S. is so high that it produces a large number of one-arent families and causes serious social problems.
(1)
Task 1
Directions: After reading the following passage, you will find 5 questions or unfinished statements, numbered 36 through 40. For each question or statement there are 4 choices marked A, B, C, and D. You should make the correct choice.
If you're at minimum wage, and the employer says, "$ 4.65 an hour," an "OK" will freeze it right there. But a "Hmmm" response could increase it, and just 50 cents an hour more will earn you $1,000 extra in a year of 40-hour weeks.
The same goes for all other levels, too. A simple "Hmmm" instead of "OK" can change a$ 25,000 salary into $ 28,000 and finance your new computer system. $ 45,000 can be pushed to $ 30,000, affording you that much-needed two-week vacation.
Anybody can negotiate a better salary. An extra $ 0.50, $1, or even a $ 3--5 an hour increase seldom exceeds a company's phone bill! From your perspective it's a ten-to fifty-percent raise. From their perspective, an extra fifty cents an hour costs them only as much as an extra hour of long-distance calls a week -- something most businesses do without a second thought.
Don't worry that the employer will change his or her mind about hiring you just because you ask for more. Going through the whole recruiting-interviewing-hiring process again will cost a company much more than $1,000--5,000 anyway in the long run. Odds(可能性) are, you'll get that little extra, and the employer will still consider it a good bargain to avoid that hassle(麻烦).
What will happen if you give a "Hmmm" response when your boss says, "$ 4.6.5 an hour" ?
A.Your boss will be angry.
B.You may be fired.
C.Your wage may be frozen.
D.You may get some extra money.
Immigrants are quickly fitting into this common culture, which may not be altogether elevating but is hardly poisonous. Writing for the National Immigration Forum, Gregory Rodriguez reports that today's immigration is neither at unprecedented level nor resistant to assimilation. In 1998 immigrants were 9.8 percent of population;in 1900,13.6 percent. In the 10 years prior to 1990,3. I immigrants arrived for every 1,000 residents; in the 10years prior to 1890,9. 2 for every 1,000. Now, consider three indices of assimilation--language, home ownership and intermarriage.
The 1990 Census revealed that "a majority of immigrants from each of the fifteen most common countries of origin spoke English ' well' or ' very well' after ten years of residence". The children of immigrants tend to be bilingual and proficient in English. "By the third generation, the original language is lost in the majority of immigrant families. "Hence the description of America as a "graveyard" for languages. By 1996 foreign-born immigrants who had arrived before 1970 had a home ownership rate of 75.6 percent, higher than the 69.8 percent rate among native-born Americans.
Foreign-born Asians and Hispanics "have higher rates of intermarriage than do U. S-born whites and blacks". By the third generation, one third of Hispanic women are married to non-Hispanics, and 41 percent of Asian-American women are married to non-Asians.
Rodriguez note that children in remote villages around the world are fans of superstars like Arnold Schwarzenegger and Garth Brooks, yet "some Americans fear that immigrant living within the United States remain somehow immune to the nation's assimilative power".
Are there divisive issues and pockets of seething anger in America? Indeed. It is big enough to have a bit of everything. But particularly when viewed against America's turbulent past, today's social induces suggest a dark and deteriorating social environment.
The word "homogenizing" (Line 1, Paragraph 1) most probably means ______ .
A.identifying
B.associating
C.assimilating
D.monopolizing
Immigrants are quickly fitting into this common culture, which may not be altogether elevating but is hardly poisonous. Writing for the National Immigration Forum, Gregory Rodriguez reports that today's immigration is neither at unprecedented level nor resistant to assimilation. In 1998 immigrants were 9.8 percent of population; in 1900, 13.6 percent. In the 10 years prior to 1990, 3.1 hnmigrants arrived for every 1,000 residents; in the 10 years prior to 1890, 9.2 for every 1,000. Now, consider three indices of assimilation—language, home ownership and intermarriage.
The 1990 Census revealed that a majority of immigrants from each of the fifteen most common countries of origin spoke English "well" or "very well" after ten years of residence. The children of immigrants tend to be bilingual and proficient in English. "By the third generation, the original language is lost in the majority of immigrant families". Hence the description of America as a graveyard "for language". By 1996 foreign-born immigrants who had arrive before 1970 had a home ownership rate of 75.6 percent, higher than the 69.8 percent rate among native-born Americans.
Foreign-born Asians and Hispanics "have higher rates of intermarriage than do U.S. born whites and blacks". By the third generation, one third of Hispanic women are married to non-Hispanics, and 41 percent of Asian-American women are married to non-Asians.
Rodriguez not that children in remote villages around world are fans of superstars like Arnold Schwarzenegger and Garth Brooks, yet "some Americans fear that immigrant living within the United States remain somehow immune to the nation's assimilative power".
Are there divisive issues and pockets of seething in America? Indeed. It is big enough to have a bit of everything. But particularly when viewed against America's turbulent past, today's social induces suggest a dark and deteriorating social environment.
The word "homogenizing"(Line 1, Paragraph 1) most probably means______.
A.identifying
B.associating
C.assimilating
D.monopolizing
考虑一下由以下方程式所描述的经济:
Y=C+I+G+NX
Y=5000
G=1000
T=1000
C=250+0.75(Y-T)
I=1000-50r
NX=500-500ε
r=r*=5
a.在这个经济中,求出国民储蓄、投资、贸易余额以及均衡汇率。
b.现在G增加到1250,求出国民储蓄、投资、贸易余额以及均衡汇率的值。解释你的结果。
c.现在假设世界利率从5%上升到10%(G又是1000),求出国民储蓄、投资、贸易余额以及均衡汇率的值。解释你的结果。
Consider an economy described by the following equations:
Y=C+I+G+NX
y=5000
G=1000
T=1000
C=250+0.75(Y-T)
I=1000-50r
NX=500-500ε
r=r*=5
a.In this economy, solve for national saving, investment, the trade balance, and the equilibrium exchange rate.
b.Suppose now that G rises to 1,250. Solve for national saving, investment, the trade balance, and the equilibrium exchange rate. Explain what you find.
c.Now suppose that the world interest rate rises from 5 to 10 percent. (G is again 1,000). Solve for national saving, investment, the trade balance, and the equilibrium exchange rate. Explain what you find.
Part A
Directions: Read the following four texts. Answer the questions below each text by choosing A, B, C or D. (40 points)
In spite of "endless talk of difference", American society is an amazing machine for homogenizing people. This is "the democratizing uniformity of dress and discourse, and the casualness and absence of consumption "launched by the 19th-century department stores that offered ' vast arrays of goods in an elegant atmosphere'" Instead of intimate shops catering to a knowledgeable elite, these were stores "anyone could enter, regardless of class or background". This turned shopping into a public anti democratic act". The mass media, advertising and sports are other forces for homogenization.
Immigrants are quickly fitting into this common culture, which may not be altogether elevating but is hardly poisonous. Writing for the National Immigration Forum, Gregory-Rodriguez reports that today's immigration is neither at unprecedented level nor resistant to assimilation. In 1998 immigrants were 9.8 percent of population; in 1900, 13.6 percent. In the 10 years prior to 1990, 3.1 immigrants arrived for every 1,000 residents; in the 10 years prior to 1890, 9.2 for every 1,000. Now, consider three indices of assimilation—language, home ownership and intermarriage.
The 1990 Census revealed that "a majority of immigrants from each of the fifteen most common countries of origin spoke English 'well' or 'very well' after ten years of residence". The children of immigrants tend to be bilingual and proficient in English. "By the third generation, the original language is lost in the majority of immigrant families". Hence the description of America as a graveyard for language. By 1996 foreign born immigrants who had arrive before 1970 had a home ownership rate of 75.6 percent, higher than the 69.8 percent rate among native born Americans.
Foreign-born Asians and Hispanics "have higher rates of intermarriage than do U.S.-born whites and blacks". By the third generation, one third of Hispanic women are married to non-Hispanics, and 41 percent of Asian-American women are married to non-Asians.
Rodriguez notes that children in remote villages around world are fans of superstars like Arnold Schwarzenegger and Garth Brooks, yet some Americans fear that immigrant living within, the United States remain somehow immune to the nation's assimilative power.
Are there divisive issues and pockets of seething anger in America? Indeed. It is big enough to have a bit of every thing. But particularly when viewed against America's turbulent past, today's social induces suggest a dark and deteriorating social environment.
The word "homogenizing" (Line 1, Paragraph 1) most probably means ______.
A.identifying
B.associating
C.assimilating
D.monopolizing
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