Answer:
By controlling supplies, OPEC nations were able to set the prices for oil.
Explanation:
OPEC which is an acronym of Organization of the Petroleum Exporting Countries was established in1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela and has been increased to fifteen countries presently through the controlling of supplies.
OPEC nations were able to set oil prices to have control over the demands and supplies. This helps the OPEC members, with the belief that controlling oil supplies leads to equal aggregate demands and supply thereby leaving no surplus of oil.
Hence, the collaboration generates more money for the members of OPEC
Answer:
SPECIFIC COMPETENCIES
Explanation:
The system seeks to match pay to an employee's performance on the job I.e. how competently an employee is able to carry out their duties over a specific period. It's designed to enhance motivation. However. objectivity in appraisal poses a challenge.
Scout is a very advanced student and for that instead of being rewarded and given additional attention and assignments that would further her development she is instead reprimanded for it. Her teacher Miss Caroline is limiting what students can know and come into contact with. She even wanted her to stop reading with her father so she could do that only at school. Scout feels extremely bored and feels like she is missing a lot she could be learning about the world. She is being cheated out of knowledge which is ironic as school should be one of the places that can give children a lot of information and knowledge.
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When someone contacts you by phone or email and requests personal information that they can use to steal your identity, this is known as identity theft. This is further explained below.
<h3>What is identity theft?</h3>
Generally, To commit the crime of identity theft, also known as identity fraud, an impostor must first collect significant pieces of personally identifiable information (PII), such as a person's Social Security number or driver's license number, in order to assume the identity of another person.
In conclusion, It is referred to as identity theft when a person approaches you by phone or email in order to obtain personal information that they may use to steal your identity and utilize it for their own benefit.
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The theory of comparative advantage is credited to David Ricardo.
<h3>What is Ricardo's theory of comparative advantage?</h3>
In economics, a comparative advantage occurs when a country can produce a good or service at a lower opportunity cost than another country.
The theory of comparative advantage is attributed to political economist David Ricardo, who wrote the book Principles of Political Economy and Taxation (1817).
Comparative advantage is a key principle in international trade and forms the basis of why free trade is beneficial to countries.
Eg; Consider two countries (China and the UAE) that use labor as an input to produce two goods: wine and cloth.
In China, one hour of a worker’s labor can produce either 5 cloths or 10 wines.
In the UAE, one hour of a worker’s labor can produce either 20 cloths or 15 wines.
The UAE enjoys an absolute advantage in the production of cloth and wine.
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