Most countries, including the United States, import substantial amounts of goods and services from other countries. Yet the text says that a nation can enjoy a high standard of living only if it can produce a large quantity of goods and services itself. Please discuss this dilemma.

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Most countries, including the United States, import substantial amounts of goods and services from other countries. Yet the text says that a nation can enjoy a high standard of living only if it can produce a large quantity of goods and services itself. Please discuss this dilemma.

Explain the difference between saving and investment as defined by a macroeconomist.

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Explain the difference between saving and investment as defined by a macroeconomist. Which of the following situations represent investment? Saving? Explain.

Your family takes out a mortgage and buys a new house.

You use your $200 paycheck to buy stock in AT&T.

Your roommate earns $100 and deposits it in his account at a bank.

You borrow $1000 from a bank to buy a car to use in your pizza delivery business

Find data on the consumer price index and compute the answer based on it.

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List 5 items that you think were purchased at your baby shower (i.e. strollers, onesies, etc.). Suppose that someone bought $100 of goods and services for your baby shower. How much would cost today to buy a similar amount of goods and services? Find data on the consumer price index and compute the answer based on it. You can find the Bureau of Labor Statistics (BLS’s) inflation calculator here: https://data.bls.gov/cgi-bin/cpicalc.pl

Evaluate the historical relationship between unemployment and inflation.

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Unemployment and inflation are an economy’s two most important macroeconomic issues. The federal government’s fiscal policy and the Federal Reserve’s monetary policy try to maintain both a low unemployment rate around a natural rate and a low inflation rate around 2%.

In your Final Paper,

Evaluate the historical relationship between unemployment and inflation. (hint: You may start from A.W. Phillips’s finding of the relationship between unemployment and inflation.)
Distinguish between the short-run and the long-run in a macroeconomic analysis. Why is the relationship between unemployment and inflation different in the short-run and the long-run?
Assess the recent 20-year U.S. unemployment and inflation data. Do the current U.S. unemployment and inflation data confirm the short-run Phillips curve?
Analyze why the recent 20-year U.S. unemployment and inflation data approves or disproves the short-run Phillips curve.
Evaluate whether the Phillips curve can still validly resolve today’s issue of unemployment and inflation and forecast unemployment and inflation. Why or why not?
Recommend any policy, method, or opinions for the current U.S. unemployment and inflation as a policy maker for either fiscal policy or monetary policy (or both).
The Short-Run and Long-Run Relationship Between Unemployment and Inflation Final Paper

Must be eight to 10 double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center APA Style resource (Links to an external site.).
Must include a separate title page with the following:
Title of paper
Student’s name
Course name and number
Instructor’s name
Date submitted
For further assistance with the formatting and the title page, refer to APA Formatting for Word 2013 (Links to an external site.).
Must utilize academic voice. See the Academic Voice (Links to an external site.) resource for additional guidance.
Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
For assistance on writing Introductions & Conclusions (Links to an external site.) as well as Writing a Thesis Statement (Links to an external site.), refer to the Ashford Writing Center resources.
Must use at least five scholarly, peer-reviewed, and other credible sources in addition to the course text.
The Scholarly, Peer-Reviewed, and Other Credible Sources (Links to an external site.) table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.
Must document any information used from sources in APA style as outlined in the Ashford Writing Center’s Citing Within Your Paper guide (Links to an external site.).
Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center. See the Formatting Your References List (Links to an external site.) resource in the Ashford Writing Center for specifications.
Carefully review the Grading Rubric (Links to an external site.) for the criteria that will be used to evaluate your assignment.

Evaluate the likely economic effects of an increase in the indirect tax on bottled water.

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(e) Evaluate the likely economic effects of an increase in the indirect tax on bottled water. Use an appropriate diagram in your answer. (15)

please follow the mark scheme attached as file as well
Demonstrates accurate knowledge and understanding of the concepts, principles and models.
Ability to link knowledge and understanding in context using relevant and focused examples which are fully integrated.
Economic ideas are carefully selected and applied appropriately to economic issues and problems. The answer demonstrates logical and coherent chains of reasoning.

Evaluative comments supported by relevant chain of reasoning and appropriate reference to context.
Evaluation recognises different viewpoints and/or is critical of the evidence.

Discuss the possible economic effects of an increase in the production and consumption of bottled water.

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With reference to the concept of external costs and an appropriate diagram, discuss the possible economic effects of an increase in the production and consumption of bottled water. (15)

Demonstrates accurate knowledge and understanding of the concepts, principles and models.

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Demonstrates accurate knowledge and understanding of the concepts, principles and models.

Ability to link knowledge and understanding in context using relevant and focused examples which are fully integrated.

Economic ideas are carefully selected and applied appropriately to economic issues and problems. The answer demonstrates logical and coherent chains of reasoning.

Evaluative comments supported by relevant chain of reasoning and appropriate reference to context.

Evaluation recognises different viewpoints and/or is critical of the evidence.

Compare the claims of Bill Easterly and Dambisa Moyo versus Jeffery Sachs around the efficacy of development aid as outlined in Poor economics and the other readings.

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Compare the claims of Bill Easterly and Dambisa Moyo versus Jeffery Sachs around the efficacy of development aid as outlined in Poor economics and the other readings. Whose arguments and evidence are more persuasive? Why?

Critically evaluate the implications on the government tax revenue of increasing income tax.

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Critically evaluate the implications on the government tax revenue of increasing income tax.
You should consider how the government could increase government revenue from income tax, and critically discuss the benefits and risks of such solutions.

Find at least two Congress members or industry leaders who are in support of this agreement, and explain why they support it.

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Unit Activity Regulations

Directions and Analysis

Task 1: Researching Today’s Trade Agreements

The International Trade Administration (ITA) is a division of the US Department of Commerce that focuses on the nation’s trade issues and helps companies do business in and with other countries. The ITA website contains a wide variety of information on issues related to international trade. Read about the trade agreements the United States is currently negotiating, and answer the questions that follow.

  1. Choose a trade agreement that the US is currently negotiating that you would like to learn more about. Which trade agreement did you choose?

Type your response here:

  1. If you haven’t already, click the link for the webpage of the potential agreement you selected, and navigate through it to answer the remaining questions. You may have to go to other websites to find some information. If so, be sure to cite your source in your response. List five main points of this potential agreement.

Type your response here:

  1. What are the major regions and industries that the agreement would positively affect?

Type your response here:

  1. What are some of the current tariffs or barriers to trade?

Type your response here:

  1. How will consumers benefit from this trade agreement?

Type your response here:

  1. Find at least two Congress members or industry leaders who are in support of this agreement, and explain why they support it.

Type your response here:

 

 

  1. Find at least one Congress member or industry who is against this agreement, and explain why this person is against it.

Type your response here:

 

 

  1. How will this agreement benefit the US economy overall?

Type your response here:

 

 

  1. How will this agreement benefit people in your state specifically?

Type your response here:

 

 

Task 2: Presenting Your View

In this task, you will create a presentation to your Congress member to encourage him or her to support passage of this trade agreement. Please separately answer each of the following points.

 

  • an overview of the potential agreement
  • major regions and industries that would be positively affected
  • tariffs or barriers to trade in place before the execution of this agreement
  • how consumers will benefit from this trade agreement
  • at least two other Congress members or industry leaders who are in support of this agreement and why
  • at least one Congress member or industry that is against this agreement and why
  • how this agreement will benefit the US economy overall
  • how people in your state specifically will benefit from this agreement

 

Resources and Citing

Document any references you used for this project below.