1. What is worth thinking about, from the future perspective, is whether these disruptions are likely to persist post-COVID19 or not. How can you relate such persistence or lack thereof to the EMH, AMH and FMH?

2. In your opinion, which of the outlined channels for losses apply in the current environment as we shift from the Covid19 pandemic period to post-Covid19 recovery? Why?

3. The law of one price suggests that, in a perfect market, the price of a good in one nation will be identical to the price in every other nation. Why do you think the law of one price is or is not a useful way to conceptualize prices? What is one example of a real-world product whose international prices violate the law of one price? Justify your position through a thoughtful discussion that draws upon the readings and lectures for this week. In addition, you should seek out a timely and relevant external information source, such as an article from a reputable news provider like The Wall Street Journal or The Financial Times.