In the Industrialization introduction mini lecture, I talk about our political system (Democracy) and I talk about our economic system (Capitalism). As you know, in the United States we live with both of these systems.

First of all, what is the goal of a Democracy? What is the goal of Capitalism?

Second, provide me with an example when these two systems oppose each other. When our Democratic system might want one thing but our Capitalistic system might want something different.

1. List the steps in maintaining chain of custody for digital evidence.
2. Why is it important to follow the chain of custody when gathering evidence?
3. For the computer forensics case, identify what evidence the forensics experts were able to gather.
4. Name two of the things the United States attorney was able to prove in the computer forensics case.
5. What important questions should the security incident response form answer.
6. Why is it important to include a time/date stamp in the security incident response form?

Researchers studied the infant mortality rates in 1970 in n = 101 countries across four regions using multiple linear regression. The response is an infant mortality rate index. Two predictors were considered by the researchers: • Income index: a numeric predictor of the average income of each country. • Region: a categorical predictor of the region of the country with 4 categories: Africa (baseline), Americas (North and South America), Asia (Asia and Oceania), and Europe.

The R output of the multiple linear regression is given below.

Call:

lm(formula = infant ~ income + region)

Residuals: Min 1Q Median 3Q Max -1.5108 -0.3491 -0.0458 0.2804 2.9928 3

Coefficients:

Intercept: 6.40301

Income slope: -0.29939

Regions Americas slope: -.060233

RegionAsia slope: -0.72334

RegionEurope: -1.20282

Signif. codes: 0 *** 0.001 ** 0.01 * 0.05 . 0.1 1

(a) What is the slope term associated with the predictor income? Write a thorough interpretation of this slope term.

(b) The income index for the United States is 8.62. What is the predicted infant mortality rate index for the United States based on the regression line?

(c) The income index for Egypt, which is an African country, is 5.35. What is the predicted infant mortality rate index for Egypt based on the regression line?

Question Set 6: Effectiveness of Monetary and Fiscal Policy in an Open Economy

Respond to and answer the following prompts and questions:

Why does monetary policy have a greater effect on aggregate demand in an open economy than in a closed economy?

Why does fiscal policy have a smaller effect on aggregate demand in an open economy than in a closed economy?

Assume our macroeconomic goals now include price level stability, full employment, economic growth, and exchange rate stability.

Assume the economy is in an inflationary gap, then design a monetary policy to close the gap. In your policy design, complete and answer the following:

Explain the effect of your policy on the macro economy in the short-run.

Illustrate your answer with a graph.

Does the United States achieve the goals of price level stability, full employment, economic growth, and exchange rate stability? Please explain.

Assume the economy is in a recessionary gap, then design a fiscal policy to close the gap. In your policy design, complete and answer the following:

Explain the effect of your policy on the macro economy in the short-run.

Illustrate your answer with a graph.

By pursuing this policy, does the United States achieve the goals of price level stability, full employment, economic growth and exchange rate stability? Please explain.

Assume there is a negative supply shock; for illustrative purposes let’s say that a wildfire burned several acres of farmland and wheat crops are annihilated. In a perfectly competitive market what would happen to the market equilibrium of wheat?

Question 23 options:

Which of the following would lead to a decrease in supply?

Question 22 options:

Is the following a positive or normative statement? The Federal Reserve, the central bank of the United States, should set an inflation target and employ active policies to meet the target.

Question 3 options:

Is the following a positive or normative statement? The federal minimum wage is lower than many state minimum wages.

Question 4 options:

Is the following a positive or normative statement? When the minimum wage is raised, unemployment generally increases.

Question 5 options:

Is the following a positive or normative statement? The United States government ought to ensure the general welfare of its citizens.

Question 6 options:

19. According to the textbook, which of the following statements is (are) correct? (x) A nation with a large trade surplus must have large and positive net capital outflow

(y) A nation with a large trade deficit must have large and negative net capital outflow

(z) A nation with a small trade deficit must have a slightly larger amount of exports than imports and slightly more capital outflow than capital inflow.

A. (x), (y) and (z)

B. (x) and (y) only

C. (x) and (z) only

D. (y) and (z) only

E. (x) only

20. According to the textbook, which of the following statements is (are) correct?

(x) In the United States before 1980, national saving and domestic investment were close, and so net capital outflow was small (in absolute value terms).

(y) In the United States after 1980, national saving and domestic investment were far apart, and so net capital outflow was large (in absolute value terms).

(z) An increase in the government budget deficit was largely responsible for the change in U.S. net capital outflow as a percent of GDP from 1980 to 1987.

A. (x), (y) and (z)

B. (x) and (y) only

C. (x) and (z) only

D. (y) and (z) only

E. (x) only

A hybrid car is a motor vehicle that uses two or more different sources of power. In most hybrids, you will find an internal combustion engine in addition to an electrical motor. Depending on how the vehicle is driven and the availability of power, the car uses gasoline and battery power alternately.

In this assignment, you will research five different hybrid cars and evaluate their impact on the environment.

Using the readings for this module, the Argosy University online library resources, and the Internet, do the following:

Identify the top five most popular choices of hybrid cars. Analyze the advantages and disadvantages of each car’s technology, price, manufacturing, and impact on environment. Include the scientific principles involved in the technology.

Determine which type of car would work best for you and your family. Justify your decision based on your analysis of the five hybrid cars.

Explain the impact these cars will have on the United States’ economy. Consider the following issues in your analysis: consumer buying, sustainability, recycling, and fuel economy.

Evaluate the impact that hybrid-car technology has had or could have on the United States’ political relationships with oil-producing countries. Be sure to include an analysis of economic issues such as production, supply, and trade.

Describe how this technology will influence world politics. Include an analysis of economic issues such as production, supply, and trade.

1. The Retirement Income System (20%):

• What are the three pillars of Canada’s RIS and what are their functions?
• What are the main objectives of Canada’s RIS? What are the indicators for measuring Canada’s success in meeting these objectives? Describe the indicators and compare them.
• According to OECD data, how does Canada compare to the United States and the OECD average in terms of rates of old-age poverty and retirement income replacement? How does Canada compare to the United States and the OECD average in terms of replacement for someone with career average earnings equal to 50%, 100% and 150% of the average national wage? Produce excel bar charts to visualize these comparisons.
• According to the most recent Statistics Canada data on absolute and relative poverty measures, how does the absolute poverty rate of Canada’s elderly compare to that of other age groups? How about for the measure of relative poverty? Do the measures differ by sex, and if so, what might explain that? Use Statistics Canada’s public-use data to line-plot the trends over the available reference period.
• Building from the above two bullet points: how well does Canada appear to meet it’s RIS objectives, and which subsets of Canadians need to be most wary when preparing for retirement?

Your friend at work says the U.S. economy is not doing well: "We are just not a strong economy anymore." You are not entirely convinced by her argument, so you do some research. Here is what you find: There are three major powers in the world economy according to total GDP: China at $21.3 trillion; the EU at $19.2 trillion; and the United States at $18.6 trillion (all in real 2016 dollars). Maybe your friend is right? Then you look at per capita GDP and it does not seem to tell the same story: China per capita GDP is $15,400; EU per capita GDP is $37,800; and U.S. per capita GDP is $57,300. Maybe your friend is wrong? Perhaps we really need to understand what GDP measures and what it does not measure. Using the above facts, make the case that the United States is still economically strong. What does GDP measure and what does that tell us about our country’s economic strength? Do you feel that GDP is valuable in understanding our country’s economic strength? Explain why or why not. Do you believe that there is a better measure of a country’s economic strength that we should also use (in addition to GDP)? Explain your answer. If you don’t think there is, explain why.