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
Sergeu [11.5K]
3 years ago
11

How did the embargo by the organization of petroleum exporting countries (opec) contribute to stagflation problems in the early

1970s?
Business
2 answers:
JulijaS [17]3 years ago
8 0
In economics, stagflation refers to a situation that is a combination of stagnation and inflation and in which the inflation rate is high, economic growth is slow and unemployment remains steadily high.
The embargo by the OPEC in 1970 caused the oil price to go up and this resulted in inflation.
vlada-n [284]3 years ago
5 0

The answer is: Oil prices greatly increased; as much as 400% in one year.

Embargo refers to official trade ban that a certain country/organization give to another country.

Many western nations (including united states) depended heavily on the oil products that produced by OPEC. After the embargo, the OIL supply in united states became extremely scarce, This make the oil price in united states experience a drastic increase within the course of one year.

You might be interested in
One of the advantages of being a limited partner in a real estate investment venture is that you have __________ liability. limi
lara31 [8.8K]
Limited financial liability. It is one of the advantages because the strain of effort and time would be not part of the investment and if the it is successful you're earning even though you're not doing anything. You're only role is able to provide money or resources to the venture.
3 0
3 years ago
Can anybody please help me with my questions? I need help ASAP ,go in my profile at the questions to check and please help me I
Akimi4 [234]

Answer:

I can't see your questions

3 0
3 years ago
Occurs when people give up something in order to receive something that they would rather have?
kap26 [50]
That would probably be trade. :)
3 0
3 years ago
Suppose the typical Buffalo Bills fan has the following demand curve for Bills football games: P = 120 – 10G where G is the numb
Vika [28.1K]

Answer:

(a) If the Bills want to sell tickets to all 8 games by selling eight individual tickets, they have to set the price P = 120 − 10(8) = 120 − 80 = $40. This yields revenue of $40(8) = $320 from each fan.

(b) If the Bills practice second degree price discrimination, they can effectively charge

P = 120 − 10(1) = 120 − 10 = $110 for single games,

P = 110 + 100 + 90 + 80 = $380 = $95/ticket for a 4-game package, and

P = 110 + 100 + 90 + 80 + 70 + 60 + 50 +40 = $600 = $75/ticket for an 8-game package.

4 0
3 years ago
Exercise 5-17 (Algorithmic) (LO. 4, 8) Rover Corporation would like to transfer excess cash to its sole shareholder, Aleshia, wh
CaHeK987 [17]

Answer:

The correct answer that a dividend is a better choice is . a. Regarding taxes, which would benefit Aleshia the most? The $114,000 dividend because after taxes she would have $ from the dividend and $ 86,640 from the bonus.

Explanation:

A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, the corporation is able to re-invest the profit in the business and pay a proportion of the profit as a dividend to shareholders.

A tax (from the Latin taxo) is a compulsory financial charge or some other type of levy imposed upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.

5 0
3 years ago
Other questions:
  • Part 1: You just heard a news story about mad cow disease in a neighboring country, and you believe that feeder cattle prices wi
    7·1 answer
  • The british economist john maynard keynes believed that recovery from the great depression required first abandoning the:
    6·1 answer
  • A sale of goods was denominated in a currency other than the entity’s functional currency. The sale resulted in a receivable tha
    15·1 answer
  • Suppose the country of Ceria and Lithinia imposed tariffs on imports from all countries, and then they set up a free trade area,
    15·1 answer
  • What is product positioning?
    15·2 answers
  • Network Analytics Inc. (NAI) recently made a sale to a foreign trading partner, but the customer does not need to make a payment
    7·1 answer
  • During its first year of operations, Gehrig Company had credit sales of $3,000,000, of which $400,000 remained uncollected at ye
    15·2 answers
  • Heidi Company is considering the acquisition of a machine that costs $420,000. The machine is expected to have a useful life of
    5·1 answer
  • Why should a society be careful in using its natural resources
    9·1 answer
  • Which of the following benefits do franchisees enjoy over other small business owners? Select the two correct answers.
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!