complete a 750 1000 word essay

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*Complete your response in 750-1,000 words. Select one problem below, 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.

Scenario:

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.

Questions:

G11-1. Exchange Rate Effects on Industry:

Using shifts in supply and demand curves, describe how a change in the exchange rate affected your industry. Label the axes, and time dimensions of the demand and supply curves you are drawing. Explain what happened to industry price and quantity by making specific references to the demand and supply curves. How can you profit from future shifts in the exchange rate? How do you predict future changes in the exchange rate?

G11-2. Exchange Rate Effects on Your Firm:

Describe how a change in the exchange rate affected your firm. Explain what happened to your price and quantity. How can you profit from future shifts in the exchange rate? How do you predict future changes in the exchange rate?

**You are required to use at a minimum of three academic references to support your reason and findings.

***Prepare this assignment according to the guidelines found in the APA Style Guide.

****You will be graded on:

1. Chapter 11 Problem G11-1 or 11-2: Chapter 11 Problem G11-1 or 11-2 is extremely thorough with substantial supporting detail.

2. Thesis Development and Purpose: Thesis is comprehensive and contains the essence of the paper. Thesis statement makes the purpose of the paper clear.

3. Argument Logic and Construction: Clear and convincing argument that presents a persuasive claim in a distinctive and compelling manner. All sources are authoritative.

4. Documentation of Sources (citations, footnotes, references, bibliography, etc., as appropriate to assignment and style): Sources are completely and correctly documented, as appropriate to assignment and style, and format is free of error.

 
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