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.

By law the Federal Reserve is required to monitor unemployment and inflation. Respond to the following components: How does the Federal Reserve accomplish these goals? What are the pros and cons of using contractionary and expansionary monetary policy tools under the following scenarios: recession or depression and robust economic growth? What tool is the most appropriate among the different monetary policy tools available today?

Covering Chapter 1 - Hypothetical scenarioSuppose that the market price of vegetables recently increased substantially this year. Develop a two-page essay discussing what might have caused this. In your essay, you are required to address the following questions. 1. Are there any changes in the supply or/and demand for vegetables this year?2. Will this pattern persist next year?3. Can 'receiving profits by charging a higher price' be justified from a biblical perspective? (This should not exceed 100 words)Please note that I will not review your actual essay before your final submission. - All papers must use a minimum of 3 sources. You must cite only peer-reviewed journal articles although the textbook is an acceptable source (however, keep in mind that the textbook is not peer-reviewed resource though).- You MUST NOT cite online sources or any articles without year of publication and author's name. Also, you should not cite Wikipedia and investopedia. - All papers must follow all APA requirements. (I am only looking for accuracy of APA formatting for references)Also, please refer to the following link, to learn more about APA style and formatting.https://owl.english.purdue.edu/owl/resource/560/01/- Do not just provide your opinions but your essay must demonstrate mastery and accuracy of relevant economic concepts and theory to receive full credit - Minimum words requirement: 800 words (not including abstract, title and reference pages) Refer to the rubric below:Grid ViewList View ExemplaryAccomplishedDevelopingBeginningKnowledgePoints Range:32 (40%) - 32 (40%)Demonstrates mastery and accuracy of concepts, terms and theories selected by the student without errorPoints Range:25.6 (32%) - 28.48 (35.6%)Demonstrates mastery and accuracy of most of the major concepts, terms, and theories with several errorsPoints Range:22.4 (28%) - 25.28 (31.6%)Demonstrates moderate understanding of a few of the concepts, terms and theories, but lacks a mastery of the majorityPoints Range:0 (0%) - 22.08 (27.6%)Demonstrates basic understanding of the concepts, terms, and theories, but lacks any mastery at allAPA formattingPoints Range:8 (10%) - 8 (10%)The use of APA formatting is accurate with no error.Points Range:6.4 (8%) - 6.4 (8%)The use of APA formatting is mostly accurate with a few minor errors.Points Range:4.8 (6%) - 4.8 (6%)The essay has too many errors in the use of APA formatting.Points Range:0 (0%) - 0 (0%)The essay does not use APA formatting.Writing & OrganizationPoints Range:24 (30%) - 24 (30%)The structure of content is strong and helps readers move through the text smoothly. The content contains effective transitions between paragraphs. Minimum words requirement is metPoints Range:21.36 (26.7%) - 21.36 (26.7%)The structure of content has a clear organizational structure, and helps readers to understand fairly easy, but slightly lacks effective transitions between paragraphs. Minimum words requirement is metPoints Range:16.8 (21%) - 18.96 (23.7%)The structure of content is understandable, but significantly lacks effective transitions between paragraphs. Minimum words requirement is not metPoints Range:0 (0%) - 16.56 (20.7%)The content lacks coherence, and requires readers to reread substantial portions. Minimum words requirement is not metWord CountPoints Range:8 (10%) - 8 (10%)Word count is greater than 800Points Range:6.4 (8%) - 6.4 (8%)Word count is greater than 700, but less than 800.Points Range:4.8 (6%) - 4.8 (6%)Word count is greater than 600, but less than 700.Points Range:3.2 (4%) - 3.2 (4%)Word count is less than 600Biblical IntegrationPoints Range:8 (10%) - 8 (10%)Paper identifies and integrates biblical principles into the decision making process in an appropriate and insightful mannerPoints Range:6.4 (8%) - 6.4 (8%)Paper identifies and integrates biblical principles into the decision making process mostly in an appropriate and insightful mannerPoints Range:4.8 (6%) - 4.8 (6%)Paper identifies and integrates biblical principles into the decision making process mostly in an appropriate and insightful mannerPoints Range:0 (0%) - 0 (0%)Paper does not identify and integrate biblical principles into the decision making processName:Short Essay_Rubric