You have just answered 20 questions at this point of the exam.  Approximately 20 minutes should have gone by, which means you should have 78 minutes left on the exam timer.  Take a deep breath, relax, and use all of the time that is available to you.  Do you understand that you do not need to rush through these questions and that you should have 78 minutes left to complete the rest of this exam?

Phospholipids can form structures like micelles and bilayers because _____.

Polar covalent bonds result from _____. 

You have just answered 10 questions at this point of the exam.  Approximately 10 minutes should have gone by, which means you should have 88 minutes left on the exam timer.  Take a deep breath, relax, and use all of the time that is available to you.  Do you understand that you do not need to rush through these questions and that you should have 88 minutes left to complete the rest of this exam?

True or False: All conflicts can be repaired to meet the needs of both parties, no matter the type or depth of damage done.

There is a bias in the political process against free trade because

HO Model: (15 points; 15 min.) The Stolper-Samuelson Theorem states that in the long run, an increase in the relative price of a good will increase the real earnings of the factor used intensively in the production of that good and decrease the real earning of the other factor.Please answer the following questions using the information below. You may look away from the computer monitor briefly to do the math for this question. Computers: Sales revenue Pc x QC = $100 Earnings of labor W x LC = $50 Earnings of capital R x KC = $50 Shoes: Sales revenue PS x QS = $100 Earnings of labor W x LS = $75 Earnings of capital R x KS = $25Suppose the following: Computers: Percentage increase in price is 0% Shoes: Percentage increase in price is 5%Solve for the percent change in wages (W) and percent change in rent on capital (R) usingR = [(PC x QC ) – (W x LC )] / KC , for computersR = [(Ps x Qs ) – (W x Ls )] / Ks , for shoes

The gravity model suggests that over time

If a good is imported into country H from country F, then the imposition of a tariff in country H

In class, we discuss comparative advantage as a driving force determining who specializes in specific goods for export to world markets. Sometimes, however, wihen considering scale economies, accidents of history lead to countries exporting goods/services in which they might not have a comparative advantage, simply because they happen to be the first-movers in the market. As a result, they capture a large world market share — making it difficult for new, perhaps more efficient, firms to enter the market. This is the situation depicted in the graph below.Please do the following (15 points; 15 minutes): a. When there are economies of scale, trade can potentially leave a country worse off than it would be in the absence of trade. How do we know this is the case for Thai consumers depicted above? Please explain as clearly as possible, using the info depicted on the graph. b. What policy might the Thailand government impose to aid Thailand’s entry into the watch market,and what price/cost (on the graph) should be the target of said policy? Explain.c. Once in the business of watch production, Thai watch producers should be able to take advantage of scale economies at home then in the world. If Thailand ultimately offers watches to the world, where on the above graph would we determine the new price point to be?