Read “NAFTA’s Tomato Wars,” (attached), and answer the questions (attached): Regulation:must be submitted in (WORD format only) Avoid plagiarism, the work should be in your own work. All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text References should be written in APA Style

REFLECT SUBMIT The following questions will give you a chance to self-evaluate, to think about what you’ve been learning in this course, and to draw your own conclusions about how you can apply critical thinking and agility in your life. Your answers may be used to determine how to improve the program for future students. Your answers will not be used for marketing purposes. Please respond in a paragraph of at least 5–7 sentences to fully address the questions. Be sure to use your own words! Why is it important to think critically and act with agility in all aspects of your life? How could taking time to develop plans and having financial well-being help you be more productive? Open a Word document or use the Reflection template Week 7 Discussion Your webtext says, “In the world of finance, there is one certainty: you must take more risk to earn a higher return.” It then identifies the following types of risk: inflation risk, business risk, interest rate risk, and liquidity risk. Risk is a consideration in many of the decisions we make. Describe a risky financial decision made by you or someone else. What were the downsides of the decision? What were the upsides? How might your financial goals and personal financial plan impact the amount of risk you are willing to take on regarding a financial decision? Example of a risky financial decision: Withdrawing money from your retirement savings to fund a business start-up.: Assignment 2: Developing Your Personal Financial Plan Due: Week 7 Points: 105 Skill(s) Being Assessed: Productivity Criteria for Success: In this assignment, you will: Develop a plan that breaks down the creation of a financial plan into smaller steps. Select a financial goal and a realistic time frame for reaching the goal. Select a new housing option and explain why the choice of housing was selected and how it supports achieving the financial goal. Allocate budget expenditures to reach financial goals within an achievable planned time frame. Reflect on how using an organized approach to the assignment helped you to consider your priorities and create a financial plan. What to submit/deliverables: Excel budget spreadsheet and Word document downloaded from the webtext and submitted in Week 7 via the Assignment 2 link in Blackboard. What is the value of doing this assignment? We all have financial goals—buying or renting a home, purchasing a car, paying off a loan, or saving up for a vacation. And it can be challenging to figure out exactly how to save toward these goals, given the numerous expenses of daily living. A financial plan helps you identify how you can reach your short-term and long-term goals and leverage planning and organization strategies to make meaningful, incremental progress toward realizing these goals. This assignment gives you the opportunity to apply what you’ve learned about personal financial planning, productivity strategies, and the use of Excel to develop a personal financial plan aligned to your financial goals. Your goal for this assignment is to: Build your productivity skill by creating a plan for reaching a specific financial goal within an identified time frame. You will use productivity strategies to break financial planning into manageable, organized steps, and you will use Excel to develop a realistic plan that is aligned to your financial goal. Steps to complete: Follow these steps to complete your assignment. In Week 7, you will submit your assignment in Blackboard. STEP 1: Read the scenario Scenario Imagine that you’re a single parent raising a child. You live in a small town where you grew up and went to school. You’ve worked at a local bank for four years, starting out as a teller and advancing to the position of loan officer. You earn $50,000 a year. After you pay taxes and deposit a portion of your earnings into your 401K retirement account, your take-home pay is $38,000 a year. You feel like you have great job security and enough income, so you’ve decided that now is the time to begin saving for a financial goal. You’re creating a budget to help you to do that. You also happen to be in a situation where you need to move, so you plan to choose a new housing option that will help you to achieve your financial goal. STEP 2: Using assignment templates in Chapter 5 of the webtext, you will identify your financial goal and plan the steps you will follow to create your financial plan. STEP 3: In Chapter 6 of the webtext, you will follow the steps you outlined in the previous week to create your financial plan and prepare a budget using Excel. STEP 4: In Chapter 7 of the webtext, you will revise your draft responses and download your completed Word document. You will then submit it and your Excel budget spreadsheet to Assignment 2 in Week 7 of Blackboard.

WEEK 5 DISCUSSION Monetary Policy and InflationDiscussion Questions:1. The Fed and Monetary PolicyMonetary policy is the action taken by the Federal Reserve to expand or contract the money supply and influence interest rates. What are the current unemployment and inflation rates? How has the Fed redefined its targets for inflation and unemployment and how do current conditions compare to those targets?As the top advisor to the chair of the Federal Reserve, define contractionary and expansionary monetary policies and explain which you advise the Fed to pursue today - given the inflation and unemployment targets versus the current rates. 2. Inflation - Winners and LosersWe often hear of inflation characterized as a bad thing, but Meyer describes both winners and losers from inflation. Give an example of one way in which you would win from unexpected inflation, and an example of one way in which you would lose from unexpected inflation.Before answering the above questions, please review this Summary of New Fed Monetary Policies. You may consult other sources as well and include them in your bibliography. WEEK 7 DISCUSSIONClassical or Keynesian?1. Classical v. Keynesian Approaches to Smoothing Business CyclesFiscal policies are the actions of Congress on spending and taxing. (Note that this is different from monetary policy, which is the action take by the Federal Reserve to change the money supply and interest rates.)a. Explain and compare the Keynesian and classical points of view on whether or not to intervene during the business cycle (an expansion = positive real GDP growth; and a recession = negative real GDP growth). b. Are we in recession today? Use today's real GDP growth rates to explain your answer. c. As the President's chief economist, describe the Keynesian fiscal policy you think the administration should follow given today's economic conditions. Support your point of view using principles of Keynesian economics, as described by Mayer in Chapter 16 of "Everything Economics." 2. What Role for Government?In Chapter 3, Wheelan describes a number of ways in which the "government is your friend" in a well-functioning society and economy. List and explain two ways that, in your everyday lives, there is a need for an effective government role in an economy.Explain how this government role does, or does not, solve a market failure such as an externality.