1) As a CFO / Manager, why is it important in understanding the following concepts: Tax incidence; Tax burden and Tax shifting between consumers and producers and it's relationship to demand & supply elasticities ? Explain the following: "The incidence of a tax depends on the price elasticities of supply and demand. Most of the burden falls on the side of the market that is less elastic because that side of the market cannot respond as easily to the tax rate by changing the quantity bought or sold".

2) Highlight the interconnectivity ("interdependencies") of various economic & financial impacts of your company, industry, with the US economy and other countries ? What differentiates the US versus the other economies ? Current analysis / real-time readings. What is meant by understanding business cycles within the macro & micro economy ?

3) What are the determinants regarding the Law of demand ("LoD") & Law of Supply ("LoS") ? Explain the Law of Supply as a proxy for the firm's marginal cost structure ? In your analysis, please also explain the concepts of changes in price as it impacts on changes in quantity demanded & quantity supplied.