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Gnoma [55]
2 years ago
11

How does low demand for oil affect the texas economy?

History
1 answer:
kati45 [8]2 years ago
4 0

Answer:

Last option.

Low demand means low prices for oil, which hurts the economy.

Explanation:

The law of supply-and-demand tells us that lower demand means lower prices, and higher demand means higher prices.

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Mercantilism exists an economic policy that exists created to maximize the exports and minimize the imports for an economy.

<h3>What is Mercantilism ?</h3>

Mercantilism exists as an economic approach by which governments utilized their economies to increase state power at the expense of other countries. Governments sought to confirm that exports exceeded imports and to earn wealth in the form of bullion (mostly gold and silver).

Mercantilism exists an economic policy that exists created to maximize the exports and minimize the imports for an economy. It facilitates imperialism, colonialism, tariffs, and subsidies on traded goods to attain that objective.

Mercantilism led to the emergence of what's been named the “triangular trade”: a system of exchange in which Europe provided Africa and the Americas with finished goods, the Americas supplied Europe and Africa with raw materials, and Africa supplied the Americas with enslaved laborers.

To learn more about Mercantilism refer to:

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2 years ago
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Explanation: The reason that i say slavery could not have been easily resolved is because of the fact that the white men and woman thought that they were much better than the African Americans. And so in which they were treated as if they were object that belonged to the white men. And yes some white men and woman were kind to the African Americans but not enough. The African Americans were tortured and beat to death. The African Americans did not deserve what they had received. What some of the white men and woman did to the African Americans was inhuman and cruel. So like i said nothing could have ever been done peacefully because they thought that they were superior and better!

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