What are the monetary policies in place at the start of the selected time period in relation to their effects on macroeconomic issues in 2000-2010?

Through the 2010 crisis, what do you think were the costs and benefits of staying in the euro zone for Greece?

The following information is extracted from several articles2 about oil market. An intensifying oil price war between Saudi Arabia and Russia has created “very painful” market conditions for the world’s largest crude oil producers. International benchmark Brent crude traded at $32.97 Thursday, down almost 8%, while U.S. West Texas Intermediate (WTI) stood at $30.40, around 7.8% lower. Oil prices have almost halved since the start of the year. Last week, Saudi Arabia failed to secure Moscow’s support for deeper output cuts at a meeting of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC plus. OPEC had proposed to deepen cuts by 1.5 million barrels per day and Russia was asked to cut an extra 300,000 bpd. “There was no point in cutting until after everyone understood how sharply demand could fall. We cannot fight a falling demand situation when there is no clarity about where the bottom (of demand) is,” Pavel Sorokin, the Russia’s deputy energy minister, said. “It is very easy to get caught in a circle when, by cutting once, you get into an even worse situation: oil prices would shortly bounce back before falling again as demand continued to fall.” Cooperation between two (Saudi Arabia and Russia) of the world’s three largest oil producers — the third is the United States — appears to be at an end. 2How a Saudi-Russian Standoff Sent Oil Markets Into a Frenzy. 9th March 2020. New York Times Russia to OPEC - deeper oil cuts won't work. 12th March 2020. Reuter The losers — and even bigger losers — of an oil price war between Saudi Arabia and Russia. 12th March 2020. CNBC

a) With aid of diagram, explain how the fall in crude oil demand affect the output of OPEC plus members.

b) Discuss why Russia refuse to follow Saudi Arabia’s proposal to cut crude oil production with aid of diagram.

Question 2: The following information is extracted from several articles2 about oil market.

An intensifying oil price war between Saudi Arabia and Russia has created “very painful” market conditions for the world’s largest crude oil producers. International benchmark Brent crude traded at $32.97 Thursday, down almost 8%, while U.S. West Texas Intermediate (WTI) stood at $30.40, around 7.8% lower. Oil prices have almost halved since the start of the year.

Last week, Saudi Arabia failed to secure Moscow’s support for deeper output cuts at a meeting of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC plus. OPEC had proposed to deepen cuts by 1.5 million barrels per day and Russia was asked to cut an extra 300,000 bpd.

“There was no point in cutting until after everyone understood how sharply demand could fall. We cannot fight a falling demand situation when there is no clarity about where the bottom (of demand) is,” Pavel Sorokin, the Russia’s deputy energy minister, said.

“It is very easy to get caught in a circle when, by cutting once, you get into an even worse situation: oil prices would shortly bounce back before falling again as demand continued to fall.”

Cooperation between two (Saudi Arabia and Russia) of the world’s three largest oil producers — the third is the United States — appears to be at an end.

2How a Saudi-Russian Standoff Sent Oil Markets Into a Frenzy. 9th March 2020. New York Times Russia to OPEC - deeper oil cuts won't work. 12th March 2020. Reuter The losers — and even bigger losers — of an oil price war between Saudi Arabia and Russia. 12th March 2020. CNBC

a) With aid of diagram, explain how the fall in crude oil demand affect the output of OPEC plus members.

b) Discuss why Russia refuse to follow Saudi Arabia’s proposal to cut crude oil production with aid of diagram.

DETROIT (Y) ANN ARBOR (X)

2008       59                           2008       61

2009       60                           2009       58

2010       61                           2010       60

2011       69                           2011       68

2012       66                           2012       67

2013       62                           2013       64

2014       64                           2014       66

2015       71                           2015       70

2016       69                           2016       72

2017       66                           2017       64

h₀  :There is a statistical correlation between the temperatures in two different Michigan cities.

What relationships exist between the data sets? Are they significant and why?

indicate whether it is best assessed by using a confidence interval or a hypothesis test or whether the statistical inference is not relevant to answer it.

1. 1. What percent of university students support instituting a fall break?
2. 2. Do basketball players hit a higher proportion of free throws when they are playing at home than when they are playing away?
3. 3. Do majority of students who drive wear their seatbelts?
4. 4. On average, were the 23 players on the 2010 Canadian football team older than the 23 players on the 2010 US football team?

In 2010, a country imported goods worth $500 billion and exported goods worth $443 billion. It exported services worth $248 billion and imported services worth $330 billion. Payments on investments abroad totaled $199 billion, while returns paid on foreign investments were $125 billion. Unilateral transfers from the country to other nations amounted to $94 billion. What was the country’s current account deficit for 2010?

A. $70 billion

B. $159 billion

C. $142 billion

D. $65 billion

An economy produces the following products: burgers and coffee. Use the information in the following table to calculate

(a) The total cost of the consumption basket consisting of 8 burgers and 15 cups of coffee in 2010, 2018 and 2019

(b) Consumer Price Index for years 2018 and 2019 that measures the cost of the consumption basket relative to the base year.

(c) Inflation rate for 2019.

Marques (2010) said “Organizational communication has demonstrated to be a crucial aspect in the success rate of any type of organization, whether for-profit or non-profit, business or academic based” (p. 56).

Is your current or former organization successful? Does the communication in your organization (current or former) reflect the level of success, or lack thereof? What can leadership do to ensure there is quality communication in organizations?

Reference:

Marques, J. F. (2010). Enhancing the quality of organizational communication.Journal of Communication Management, 14(1), 47-58.

Examine the fiscal policies in place at the start of your specific time period of 2000-2010 in relation to their effects on macroeconomic issues. For instance, consider level of government spending, taxation, subsidies, unemployment benefits, and so on.   

Analyze new fiscal policy actions undertaken by the U.S. government throughout the time period during 2000-2010 by describing their intended effects, using macroeconomic principles to explain the actions.  

Explain the impact of the new fiscal policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles.