Answer:
The OPEC member countries control a large percentage of the world's oil production which gives them a lot of power to affect world oil prices.
Explanation:
OPEC with a total number of 14 members at present produces about 40 percent of the world's crude oil. Therefore, OPEC actions do affect international oil prices because of the size of the market share the collective controls. However, there are also oil sources beyond the OPEC states. For example, Brent Crude refers to oil that is produced in the Brent oil fields and other sites in the North Sea. WTI is the benchmark crude for North America. WTI is better suited to the production of gasoline while Brent oil favors diesel fuel production. Because together OPEC holds three-quarters of the world's conventional oil reserves and has the world's lowest barrel production costs, it can influence world oil prices and supply by deciding to either produce more or less barrels. If OPEC lowers production the price of oil increases because Brent and WTI have to make up the difference, and their production prices are higher. However, OPEC's ability to affect prices is changing with Canada, China, Russia and the United States increasing their own output in recent years.
It is Very Obvious. Americans Fighting Isis and Cites and towns being invaded and blown the heck up.
Answer:
The correct answer is - Salaries in higher education are based on additional factors.
Explanation:
In comparison to for-profit industries where salaries depend mainly on productivity, salaries in higher education depend on more than one factor it depends on the additional factor.
The salaries in higher education depend on several factors such as college costs, as they need to provide resources for the eduction process constantly so they can not control the cost increases and have to cost-cutting in salaries
The correct answer is - Salaries in higher education are based on additional factors.
If the government increases its spending when the economy is expanding, automatic stabilizers <u>will decrease</u> the government spending multiplier.
An economy is a region where products and services are produced, distributed, traded, and consumed. It is generally understood to be a social domain that places an emphasis on the behaviors, discourses, and tangible manifestations connected to the creation, utilization, and management of finite resources.
One's culture, values, education, technological advancement, history, social organization, political structure, legal system, and natural resources are all major determinants of an economy's processes. These elements determine the parameters and conditions under which an economy operates in addition to providing background and content.
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