While Saudi Arabia seeks to diversify its economy, the Saudi economy is dominated by the petroleum sector. In addition, the Saudi Arabian Riyal (SAR) is pegged to the U.S. Dollar.In a critical essay, indicate the main considerations Saudi Arabia faces from a currency perspective (e.g., currency values, interest rates, inflation, and trade issues) that ensue given two scenarios:The first scenario is a dramatically declining world oil price.The second scenario is a dramatically increasing world oil price.Your well-written paper should meet the following requirements:Be three to five pages in length, which does not include the title page, abstract or required reference page, which are never a part of the content minimum requirements.Use academic writing standards and APA style guidelines.Support your submission with course material concepts, principles and theories from the textbook and at least two scholarly, peer-reviewed journal articles unless the assignment calls for more.

Read the Article "Netflix Carves Niche...", It is available as a pdf file under the Articles tab on the Blackboard menu.Respond to the following questions:(a) How would you describe this "industry"?(b) In what ways are you familiar with this industry?(c) In what ways does this industry exhibit characteristics of a "competiutive market"? In what ways does it not?

MEASURING GDP AND ECONOMIC GROWTH1. Stanford Economics Professor Ronald McKinnon suggested the following strategies for reducing the large current account deficit in the United States:“..the first order of business in correcting the trade deficit is to reduce the structural fiscal deficit of the U.S. and possibly run with surpluses. The second order of business is to provide incentives -- possibly tax incentives -- for American households to increase their saving.”[1] The “structural fiscal deficit” refers to the government budget deficit. So Professor McKinnon is saying we should reduce the government budget deficit, and increase household saving as well. Use the identity derived in the “Funds that Finance Investment” section of the chapter 24 (p. 570) to explain how these policies would reduce the current account deficit. 2. In January, 2007, the New York Times reported that the latest data available indicates that “the economy is expanding at a slower pace, but one that has so far defied predictions of a sharper slowdown.”[2]. The article mentions several reasons for the growth in GDP. For each of the contributing factors cited below, indicate which component of GDP (consumption, investment, government expenditure, or net exports) was affected and in which direction:a. “Consumers are spending more at their local shopping malls”b. “A sampling of confidence among home builders rose in December.”c. “Less oil will be purchased from abroad.”3. The discussion of real GDP in the chapter points out that inflation distorts our perception of how the cost of living changes over time. As a measure of cost, the number of hours of work required to buy an item is a much more meaningful yardstick than the money price. The table below gives the money prices of popular snacks in 1964, 1974, 1984, and 1997. Go to the website of the Federal Reserve Bank of Dallas http://www.dallasfed.org/assets/documents/fed/annu... (pg. 15) and use the information in “Exhibit 7: Food on the Go” to fill in the rows labeled “Cost in minutes of work”. (Cox, Michael W. and Alm, Richard. “Time Well Spent: The Declining Real Cost of Living in America.” Federal Reserve Bank of Dallas 1997 Annual Report )Snacks1964197419841997Soft Drink$0.16$0.22$0.28$0.33Cost in minutes of work Candy Bar$0.05$0.10$0.30$0.45Cost in minutes of work Gum$0.05$0.11$0.18$0.25Cost in minutes of work Chips$0.15$0.25$0.35$0.50Cost in minutes of work [1] “The Worth of the Dollar,” by Ronald McKinnon, Wall Street Journal. (Eastern edition). New York. N.Y.: Dec. 13, 2006, pg. A. 18[2] “Some Signs of Economic Resilience Seen,” by Jeremy W. Peters, New York Times, January 18, 2007.