a. What is the Lucas critique? Why does it matter? Illustrate your answer with references to a famous episode in U.S. monetary history.

b. Using your knowledge from this course, assess the extent to which the European Monetary Union is a successful system of fixed exchange rates in comparison with the United States of America.

Minimum of 175 words:

Select a company with an international presence that you are familiar with or by searching the internet. Identify the laws, treaties, acts, and governing bodies (e.g. U.N., WTO, and IMF) that impact their business. Explain the impact these laws, treaties, acts, and governing bodies have on their business. Differentiate it with their business in the United States.

Explain the most recent monetary policy move by the Fed. Is this expansionary or contractionary policy? Why did the Fed choose to pursue this policy? What impacts of this policy do you observe? For best results, look up recent FOMC announcements.

This must be a real-life response regarding the United States.

Review the Medsker and McDorman article and Nixon's resignation address. How is the President treated as the accused by the courts? The Justices admit they were not "required to proceed against the president as against an ordinary individual" (United States v. Nixon 708, 715). What do you think Aristotle would have thought of this?

13. Explain how cross-cultural considerations affect the idea of adolescent identity crisis.

14. Discuss the conditions that need to be met in order for an individual to be found " competent to stand trial."

15. Discuss three rights mental patients have in the United States with regard to treatment and how they are sometimes contradictory.

Sometimes companies want to establish operations in other countries in order to exploit a successful business model developed in their home country. Wal-Mart is such a company, opening operations in several countries beyond the home office in Arkansas (United States). What is any country in which they have not been successful, and why?   

2. James Reid is a professional data analyst working as one of the key knowledge workers in 3M Company in the United States. Describe his job and the data that he will be dealing with during this period of Corona Virus pandemic. What do you think will be his possible contribution to the company’s Business Intelligence?

Consider the following data for the United​ States:

​*Real-time data provided by Federal Reserve Economic Data​ (FRED), Federal Reserve Bank of Saint Louis.

Assuming the base year is now 2017​, complete the following ​(enter your responses rounded to one decimal ​place)​:

a. Recalculate the price index for years 2015​, 2016 and 2017.

b. Recalculate the real GDP for the years 2015​, 2016​, 2017.

Consider the following data for the United​ States:

Step 1

During World War I, European aircraft manufacturers designed and produced numerous types and variations of aircraft. Germany-over 600 designs, 72 production models. Great Britain-over 300 designs, 73 production models. France- Under 300 designs, 38 production models. The United States however chose to produce only one land based aircraft, the DH 4, Jenny and a couple of models of Curtiss flying boats. While the European model of production probably led to more advances in the aircraft industry, the United States model led to greater production capability by all manufacturers producing the same model.

Which war time production model do you think was best? The European model which called for many different models from many manufacturers or the American which called for one standardized aircraft? As before, please explain your choice.