Remember….PLUG in your computer now so it does not die.Your cell phone must be on your desk and on cameraYou must show your workspace…that means throughout the entire quiz, not just at the beginningClose out all tabs before starting.  Honorlock will pause your quiz and ask you to do that, so do it now.There are math questions on this quiz, but you will not be allowed to use pencils, paper, or a calculator.  Grades will not be shown until after the deadline.

A 28-year-old male patient who suffers from persistent gastrointestinal distress and frequent diarrhea is 5 feet 11 inches tall and currently weighs 155 pounds. His weight six months ago was 178 pounds, which was his usual body weight for several years. According to the patient, his postprandial GI distress has caused a loss of interest in food and eating.  How is this patient’s current body mass index (BMI) defined?

If you recommend an 1,800-kcalorie eating pattern with a saturated fat limit of 6% of total kcalories, how many grams of saturated fat will be the daily limit?

A 28-year-old male patient who suffers from persistent gastrointestinal distress and frequent diarrhea is 5 feet 11 inches tall and currently weighs 155 pounds. His weight six months ago was 178 pounds, which was his usual body weight for several years. According to the patient, his postprandial GI distress has caused a loss of interest in food and eating.  How is this patient’s % weight change during the past 6 months defined?

Under perfect competition, the equilibrium price (wage) of labor used to produce cloth will be equal to

In the 2-factor, 2 good Heckscher-Ohlin model, trade will ________ the owners of a country’s ________ factor and will ________ the good that uses that factor intensively.

Trade Patterns (15 points; 10 min.): (a) How are the patterns of international trade, that is the pattern of what different countries export and import, explained? (Please discuss at least three determinants of trade, at length).(b) Two basic models of international trade are the simple trade “openness” model and the gravity model. Please write the equations that represent both models, discuss what information they provide, and discuss how the models differ, and, importantly, what determinants of trade each might overlook. (Note: when writing equations, use numbers in place of subscripts, and be sure to use brackets or parentheses to group variables according to order of operation. For example, if I wanted to show the aggregate of GDP for Country 1 and GDP for Country 2, all divided by X, I would write the equation in the following way: [GDP1 + GDP2] / X, so that the reader would know that the GDPs must be added to each other before dividing by X).

Ricardian Model: Use the information in the table below to answer the following questions.(15 points; 10 min.). (a) Does either country have an absolute advantage in the production of wheat or beef? Explain. (b) What is the opportunity cost of beef in terms of wheat in each country (i.e., how much wheat must each give up to produce 1 unit of beef)? (You may look to your scrap paper to briefly do the algebra for this question. Please show your work to the camera)   (c) Analyze comparative advantage between the U.S. and Argentina, and illustrate potential gains from trade in two graphs (one PPF for each country) if 1 beef will trade for 2 wheat. Be sure to label axes. Show your work to the camera when done! And write the updated amounts of both wheat and beef available to each country in your answer below. (For example, “After opening to trade, the US now has access to # Beef and # Wheat; and Argentina has access to # Beef and # Wheat”).  (Again, you may briefly look to your paper to complete this part of the question. Please show your work to the camera).  

The specific factors model assumes that there are ________ goods and ________ factor(s) of production.

Specific Factors: Use the illustration below to answer the following three questions, a, b, and c. (15 points; 10 min.)(a) Suppose the increase in the price of cloth is driven by consumer preference in the above diagram. How would you illustrate that change in preference using a basic (principles-level) supply and demand diagram? That is, describe what changes you would make to the diagram, starting from the equilibrium condition. Be as specific and detailed as possible.(b) What does the change in cloth price relative to the change in wages tell us about (i) the change in purchasing power among capitalists and land owners?; (ii) well-being of the workers? Please use fractions that represent “real” incomes of each – capitalists, landowners, and worker –  to explain the relevant changes. In other words, are these individuals made worse-off, better-off, etc. as a result of this relative price change?(c) Suppose that after the 7% change, the price of cloth is now $10.70, and the new wage is $5.35. What is the value of the Marginal Product of Labor for cloth at this new price and wage level?