1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Delvig [45]
3 years ago
10

If OPEC decided to cut oil production for the coming year, what would be the MOST LIKELY effect?

Business
2 answers:
LekaFEV [45]3 years ago
3 0

Answer:

Maybe a loss in jobs?

Explanation: Because people who work for the oil company have to stop working idk

KATRIN_1 [288]3 years ago
3 0

Answer:

B) oil prices would probably rise

Explanation:

According to the laws that describe the forces of supply and demand, if the quantity provided by producers decreases, and the amount demanded stays equal, there would be an excess of demand and the prices will rise in order to correct such a market disequilibrium . In fact, OPEC uses this strategy of cutting total production when they feel that prices are lowering, with the objective of enhancing them.

You might be interested in
In which book of prime (original) entry are invoices issued by a trader recorded?
Svetllana [295]

Answer:

sales daybook

Explanation:

issued to credit customers

6 0
4 years ago
Don operates a taxi business, and this year one of his taxis was damaged in a traffic accident. The taxi was originally purchase
OleMash [197]

Answer:

Option (A) is correct.

Explanation:

Given that,

Purchasing price of taxi = $32,000

Adjusted basis = $2,000 at the time of the accident

Cost of repair = $2,500

Insurance reimbursed Don = $700

Lesser of Adjusted basis at the time of the accident and Cost of repaired is the amount of causality loss before adjustments.

So, lesser amount is $2,000 as compared to the cost of repair ($2,500).

Therefore,

Amount of causality loss before adjustments = $2,000

Hence,

Don's casualty loss deduction:

= Amount of causality loss before adjustments - Insurance reimbursed

= $2,000 - $700

= $1,300

3 0
3 years ago
How are wages for a particular job determined?
Sauron [17]

Answer:

by the equilibrium between supply and demand for workers

Explanation:

Wages are the amount to pay workers for a particular job when employed. Therefore, determining the wages for a particular job is mostly dependent "on the equilibrium between supply and demand for workers, " and sometimes location.

This is because the higher the number of workers available, the lesser the employers would be willing to increase the wage level of employees given the fact that they can easily find another employee. However, where there is a lesser number of employees for a particular job, the employers would be willing to increase the employees' wages to entice them.

6 0
3 years ago
American Products is concerned about managing cash efficiently. On average, inventories have an age of 80 days, and accounts rec
Llana [10]
B. Calculate the firms
8 0
4 years ago
You are thinking about buying a house. You find one you like that costs $200,000. You learnthat your bank will give you a mortga
erik [133]
The answer to this point is 950 per month for each house
6 0
4 years ago
Other questions:
  • Digby has a roe of 0.24 (roe = net income/equity). that means:
    7·1 answer
  • Why is competition ineffective as a conflict resolution strategy?
    13·1 answer
  • Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,800 client-visits, but
    13·1 answer
  • Computer Service and Repair was started five years ago by two college roommates. The company’s comparative balance sheets and in
    5·1 answer
  • XYZ Corporation receives $100,000 from investors for issuing them shares of its stock. XYZ's journal entry to record this transa
    5·1 answer
  • Traveler's checks have no reserve requirements and are included in M1. When people travel during the summer and convert some of
    10·1 answer
  • Which of the following is an example of structural unemployment? A. Dora lost her job when the textile mill closed. She does not
    14·1 answer
  • Although firms such as restaurants have difficulty controlling service quality from day to day, they do have control over_______
    11·1 answer
  • Clara is the chief operating officer of a cosmetics manufacturing company. She gets opportunities to attend the board meetings o
    13·1 answer
  • In January, Harry and Belinda Johnson had $10,660 in monetary assets: $1,100 in cash on hand; $1,200 in a statement savings acco
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!