President Kofi Adusei, of a small African nation, explains to his cabinet of economic advisors that the main determinant of a country’s prosperity is their supply of natural resources. Do you agree with this statement, or are there other things you have learned about that affect prosperity more? Discuss fully, offering examples to defend or refute President Adusei’s claim.  You will be judged on the depth, accuracy, and persuasiveness of your explanation. You must make connections to class content and examples to illustrate your points (even if fictional examples).  *This is a bit open-ended and you need to put some structure in place. **Expected length is about 500 words (about a full page single spaced). I don’t think you can do a good job with an essay that is much shorter.  Do not restate the question, as these words will not contribute to length. Do not worry about formal intro and conclusions…focus on the body of an essay.  ***Note that a few sentences is not sufficient to answer this question and will not earn you an acceptable score. ****Be detailed and be thorough. Use/offer examples to illustrate your points.  *****Content is the most important contributor to your grade. But writing quality counts too. I do not expect perfection from a timed essay. But I do expect that your work is proofread and major grammar errors and spelling errors are addressed.  SPEND A FEW MINUTES EDITING YOUR WORK BEFORE SUBMITTING.  

Name the special group of proteins used to catalyze our metabolic body chemical reactions: _______

If a protein is exposed to excessive heat or extreme acidic conditions, it will experience a change in structure. This is scientifically referred to as: _______

Goodman, Pinkman, and White formed a partnership on January 1, 2020, and made capital contributions of $125,000 (Goodman), $175,000 (Pinkman), and $250,000 (White), respectively. With respect to the division of income, they agreed to the following: (1) interest of an amount equal to 10% of the that partner’s beginning capital balance for the year; (2) annual compensation of $15,000 to Pinkman; and (3) the remainder of the income or loss to be split among the partners in the following percentages: (a) 20% for Goodman; (b) 40% for Pinkman; and (c) 40% for White. Net income was $200,000 in 2020 and $240,000 in 2021. Each partner withdrew $1,500 for personal use every month during 2020 and 2021.What was White’s capital balance at the end of 2021?

Name this functional group: -H _______ Concerning water, is -H hydrophilic or hydrophobic? _______ In which organic molecule type will -H predominate? _______

Suppose that area A is .15 and area B is .35 –from this, what is the Gini coefficient? (ROUND to two digits behind the decimal in your answer.)

Name this functional group: -SH _______ Concerning water, is -SH  hydrophilic or hydrophobic? _______ In which organic molecule type will -SH be found? _______

The Mercantilists believed that both imports and exports were good, because it allowed countries to specialize on those activities for which they had the comparative advantage. 

            The following account balances were available for the Perry, Quincy, and Renquist partnership just before it entered liquidation:         Cash $ 90,000   Liabilities $ 170,000 Noncash assets   300,000   Perry, capital   70,000         Quincy, capital   50,000         Renquist, capital   100,000 Total $ 390,000   Total $ 390,000   Included in Perry’s Capital account balance is a $20,000 partnership loan owed to Perry. Perry, Quincy, and Renquist shared profits and losses in a ratio of 2:4:4. Liquidation expenses were expected to be $15,000. All partners were insolvent. For what amount would the noncash assets need to be sold in order for Quincy to receive some cash from the liquidation?                         A)    Any amount in excess of $170,000.                        B)    Any amount in excess of $190,000.            C)    Any amount in excess of $260,000.            D)    Any amount in excess of $280,000.            E)    Any amount in excess of $300,000.

The capital account balances for Donald & Hanes LLP on January 1, 2021, were as follows:         Donald, capital $ 200,000 Hanes, capital   100,000   Donald and Hanes shared net income and losses in the ratio of 3:2, respectively. The partners agreed to admit May to the partnership with a 35% interest in partnership capital and net income. May invested $100,000 cash, and no goodwill was recognized. What is the balance of May’s capital account after the new partnership is created?                         A)    $84,000.              B)    $100,000.            C)    $140,000.            D)    $176,000.            E)    $200,000.