Discuss how the market has been impacted by the Corona Virus by answering the following questions in 3 ½ -4 pages length MAX. (Essays under 3 ½ pages or over 4 pages will automatically lose points for not following directions) All essays must have minimum of 3 MLA citations in a bibliography at the end in addition to parenthetical citations. (The bibliography does not count towards the overall page length!).
1. Since the Corona Virus outbreak, how did Amazon adapt to the demand of increased production from a logistical perspective (Hint: focus on how they modified their shipping process)? What safety parameters did they put in place for their delivery systems and workers? What incentives did they put in place to keep workers motivated?
2. How did the new cultural norms such as mask wearing, social distancing and remote working affect American behavior (hint: behavior in shopping centers and in public in general)? Provide 2 detailed examples of how the Corona Virus affected your personal life either in school, your daily life or both.
3. As a result of the Corona Virus, what happened to mortgage interest rates and how did that affect the housing market with respect to prices in New Jersey? With those same interest rates, what happened to the prices of homes in New York? Were people buying and selling homes more or did real estate business halt altogether?
4. Discuss why unemployment skyrocketed as a result of the virus. How did the government react to keep the economy afloat? (What policies and decisions were made?) What type of pricing behavior occurred during the crisis? (inflation, stagflation, deflation, disinflation, hyperinflation) Explain WHY.
5. Do you believe the United States succeeded or fail with respect to how the Corona Virus was handled as a country? What are the reasons for your stance? (Explain at least 3 reasons justifying your position)
You will be graded in the following rubric:
Content 60 points each section (bullet) totaling 12 points since there are 5 to equal 60 points
Total 60 Points
Followed Directions: All header and footers present, page requirement reached cover page etc 5 points
Grammar: 10 points
Streamline and Cohesiveness: 10 points All questions must be answered in order and numbered.
Sources/MLA format: 15 Points (Sources are 8 points, MLA Format is 4 points, and parenthetical citations are 3 points for a total of 15 points for this section.)
Total Grade: 100 points
For more information on The Corona Virus Recession Project read this:https://en.wikipedia.org/wiki/COVID-19_recession
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