1.Why did the subprime market become so profitable in the 2000's?

2.A sports bar/restaurant owner is interested in investigating if the number of meals served in his establishment depends on the number of major sporting events played during the week. He collects data from 8 weeks during the past year of the number of major sporting events that week as well as the number of meals he served?

major sporting events : 6, 3, 4, 3, 2, 4, 5, 3

meals served : 542, 478, 556, 347, 473, 494, 518, 386

What is the average number of meals served? What is the mode number of major sporting events? What is the interquartile range of number of meals served? What is the coefficient of correlation

3.Prior to regulation by the federal government, many folks believed that the tobacco industry was characterized by a prisoner's dilemma in that tobacco firms all spent lots of money on advertising and had sales of X, but would 2 have preferred to simply cooperate by not spending money on advertising while getting sales of just a little bit less than X. Create a normal form game for two firms called GM and P&W, respectively. Each firm has two strategies (advertise, don't advertise). In your game create payoffs that satisfy the definition of a prisoner's dilemma.

4.Does more elastic demand cause an increase in excise tax to consumer and why

5. A small industry produces two items, 1 and 2. It operated at capacity and makes a profit of $6 on each item 1 and $4 on each item 2. The following table gives the hours required to produce each item and the hours available per day.

item 1 item 2 hours available

assembly 2hrs 1hr 100

packaging 1hr 1hr 60

what is the number of items that should be produced each day to maximize profits? what is the maximum daily profit?

6.Company A purchases $200,000 of equipment in year zero. It decides to use straight-line

depreciation over the expected 20 years life of the equipment. The interest rate is 14%. If its

average tax rate is 40%, what is the present worth of the depreciation tax held?

7.Explain why lowering of reserve requirements increase monetary policy expansion

8.Is economics considered a science

9.From 2010- present, Who won the trade and who lost. What were the effects of trade relationship between the U.S. and Mexico - emphasis is given to import- export activities between the two countries.

10.Elaborate on impacts of immigrations in the economy