Review Group Problems G11?1: Exchange Rate Effect on Industry and G11?2: Exchange Rate Effects on Your Firm, located at the end of Chapter 11 in Managerial Economics: A Problem Solving Approach. Select one problem that relates to you and your current position in the work environment. Complete your response in 750?1,000 words. Support your response with personal experiences or examples. Alternate Scenario: If you are in an industry that does not deal with any foreign exchange transactions, use the petroleum industry for this assignment. Imagine that you work for a domestic oil refinery, and answer either question G11?1 or G11?2. You do not work for an oil producer, but rather for a refinery, which turns crude oil into many different petroleum products, from jet fuel to gasoline, which are then sold to world markets. You have the option of purchasing crude oil from U.S. sources or from various foreign countries. You must purchase crude oil in order to make products that you can sell in the United States or in other countries.

In this box you will analyze the cyclical properties of household expenditure on non-durable goods, on durable goods, and on services. That is, how these variables correlate with the business cycle and whether there is the smoothing behavior predicted by the theory.Get the following quarterly series from the St. Louis Federal Reserve Bank FRED database from 2002 onwards (note that the first two are provided in monthly frequency and the last two in quarters):- Real Personal Consumption Expenditures: Nondurable Goods (PCENDC96)- Real Personal Consumption Expenditures: Durable Goods (PCEDGC96)- Real Personal Consumption Expenditures: Services (PCESVC96)- Real Gross Domestic Product (GDPC1)Download into Excel*. These series are in levels (i.e. in dollars), so calculate their quarterly growth rate (percentage change from quarter to quarter ---compounded annual rate of change in EDIT GRAPH in FRED) and plot each of the first three series separately against real GDP in all of them [25 points each series].What features do you observe? How are they different? From a firm’s perspective, why are these patterns important? [25 points]The objective of this box is to unify the three indicators into a common framework with an emphasis on their correlation and their volatility relative to GDP. Your writing should reflect your familiarity with the concepts and the definitions, along with the theoretical background behind the consumption-saving decision of the household. The theory in the book is about aggregate consumption, and predicts consumption smoothing which is in fact observed in the aggregate, but does it hold in these components of consumption? As always, the charts should have a title and have the axis labeled (with time in x-axis, and label variable(s) and units in the y-axis).* Please show calculations on the excel sheet requested on the forum to understand.**

Find a situation (a real-world situation or a fictional situation) with two or more parties of jurisdiction or interest over a specific project or policy (public/private partnership, intergovernmental). At least one of the parties needs to be a governing board or elected officials.In 750-1,000 words, do the following:Explain the participants in the situation. (power involved, interest, requirement)Explain the difference between influence and negotiation among the parties.Recommend strategies to build the relationship between the parties in preparation for negotiation (at least one of the parties needs to be elected officials or a governing board)Recommend different techniques of negotiation the parties can utilize to get their interest or requirements met.Discuss how each party determines the value of what they are negotiating for and what they are willing to give up.Discuss what would make each party agree to a decision within a negotiation or leave the table (how much leverage does each party have).Use two to three scholarly resources to support your explanations.Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance. Benchmark InformationThis benchmark assignment assesses the following programmatic competencies:Master of Public Administration2.4: Recommend strategies for negotiating various agreements; 3.4: Recommend strategies to build relationships and advocate with elected or governing board officials