You have been tasked to write a briefing memorandum for the US Secretary of State, to assist him in his forthcoming international negotiations that cover trade issues. While the Secretary of the Treasury will lead the negotiations, the Secretary of State wishes to be informed on the best available evidence on the impact of trade liberalization on domestic economic activity. A number of briefing memoranda will cover the range of issues. Your task is specific. The objective of the memorandum is to provide the Secretary of State with an assessment of a body of technical evidence on the impact of changes in trade regimes over the past twenty years on factor earnings. Specifically, the question is whether trade can be held responsible for widening income inequalities in developed countries. Your briefing should explain both what trade theory would lead you to expect, as well as to provide an assessment of the empirical evidence that covers the experience of both developed, and emerging m

Attached Files: File ECON 521_Lec 9.pptx (1,001.077 KB) Read chapter 16 (conduct of monetary policy) from the textbook and Lecture 9 from blackboard. You also need to do your own research about the conduct of monetary policy and its goals. Discuss the following monetary policy goals and how central banks try to achieve them. Price Stability (inflation Targeting High employment and output stability Economic growth Stability of financial markets Interest-rate stability Stability in foreign exchange markets A minimum of three pages is required.

A project engineer is assigned to provide computer networking and internet access to an office building. After research various equipment suppliers� two alternatives are detailed for further economic analysis. Alternative A is a wireless network with lower acquisition costs but higher operational costs. Alternative B is a wired network with low operational costs but higher equipment and installation costs. The costs associated with each of two alternatives are outlined below. Alternative A Wireless Network Alternative B Wired Network Design $1,000 Design $2,000 Equipment $1,000 Equipment $2,000 Installation $ 500 Installation $2,000 Upgrades $500 per year Upgrades $0 M & O* $500 per year M & O* $100 per year Salvage $200 Salvage $100 Service Life 6 years Service Life 9 years * Maintenance and Operation Q. Using the information provided above, determine which alternative to recommend using Present Worth analysis. Conduct the analysis twice, once for the least common m

This assignment will require you to do a bit of reading and research, so it may take you longer than the typical homework to complete. Trust me, you don’t want to start it the night before it is due! For this assignment, you will be using the Naked Economics text to understand applications of the concepts we have been learning in class and come up with some real world examples of your own. Our goal is to think critically in order to connect what might seem like abstract microeconomics to your everyday life. By the end of it, no one will feel like asking me, ‘When am I ever going to use this stuff?!’ (Right?) There are three parts to the assignment – (1) Concept, where you will summarize the relevant material, (2) Text, where you will draw on examples from the Naked Economics text, and (3) Application, where you will come up with some relevant examples of your own. Part 1 – Concept First, choose one of the concepts from class that interests you from the list below. The topic y

In The Budget Balance powerpoint, I pointed out that the real economic sacrifice imposed on the country by government borrowing could be zero – or it could be substantial - depending on what the government does with the money. In the article, "Entitlements, Public Investment, and the Changing Nature of the U.S. Government," on Tim Taylor's blog, Conversable Economist, we find that ‘what the government does with the money’ has been changing over time in a consistent manner. I want you to consider three points related to that article: 1. How has the composition of government spending changed since the 1960's? Support your answer with examples from the article. 2. Then explain how the various categories of federal government spending (such as spending on entitlements, or infrastructure or basic research) qualify as either consumption or investment spending. In your answer, be sure to define the terms ‘consumption’ and ‘investment.’ 3. Explain how the changing pattern of gove

I want you to consider three points related to that article:

1. How has the composition of government spending changed since the 1960's?  Support your answer with examples from the article. (One paragraph)
2. 2. Then explain how the various categories of federal government spending (such as spending on entitlements, or infrastructure or basic research) qualify as either consumption or investment spending. In your answer, be sure to define the terms ‘consumption’ and ‘investment’ (see next slide) (One paragraph)
3. Explain how the changing pattern of government spending affects the real economic burden of the national debt. (See the Budget Deficits and the Public Debt powerpoint. (Two paragraphs)

Please ensure the work is better than the previous one because I got 37/50 so make sure you perform well. - I'll upload hw for my classmate to show you how to do it but my classmate didn't get high grade. - I'll also upload the instructions clearly explained. - ensure you either include graphs of supply and demand or explain in written words how the supply and demand is effected.

One-period production economy Consider the case of a consumer who lives only for one period. Answer the following questions. For all these questions assume that her felicity function is given by the function u(c, l) = ? ln c + (1 ? ?) ln l, where c stands for consumption, l for leisure and ? denotes how she values consumption relative to leisure. For instance, if ? = 1 then shes does not care about leisure. In addition, she earns a wage w per hour worked. 1. Assme that her only source of income is her labor income. Derive algebraic expressions for the optimal leisure and consumption 2. Assume now that she receives a lump-sum subsidy S . What is the e?ect of this susbsidy on her optimal hours-worked and consumption? 3. Assume now that she receives the same lump-sum subsidy S but in addition she pays a lump-sum tax T of the same amount. Determine what happens with her optimal leisure and consumption 4. Assume that she pays a labor income tax t for every dollar earned. Determine what happ