All categories

3 years ago

Changes in the price of oil:

Business

1 answer:

elixir [45]3 years ago

8 0

Answer:

c) created both inflation and recession in the United States in the 1970s.

Explanation:

the recession and inflation started from '72 and end up in the earlys '80 is considered the greatest failure of American macroeconomic policy in the postwar period.

It was the cause of 1973 oil crisis when the Arab countries made an oil embargo against nations perceived as supporters for israel. Amongs this nation was the USA, the UK and Canada. This make the oil price to rise up to 400% This situation made a market crash and then, US leave the gold standard Also, within this period, the industrial areas in the countries to re-structure to consume less oil as it was scarse

During the period about 3 million of jobs were lost and inflation made peak at 20% per year.

You might be interested in

Which two main categories can an organization fall into that would require them to comply with hipaa rules?.

Klio2033 [76]

The main categories that an organization can fall into that would require them to comply with hipaa rules are covered entities and business associates.

<h3>What is HIPAA rule?</h3>

HIPAA rule simply means national standards to protect individuals medical records and other health information.

In this case, the main categories that an organization can fall into that would require them to comply with hipaa rules are covered entities and business associates.

Learn more about HIPAA rule on:

brainly.com/question/11069745

4 0

2 years ago

Marigold Industries incurs unit costs of $8 ($5 variable and $3 fixed) in making an assembly part for its finished product. A su

Veronika [31]

Answer:

The preparation of an incremental analysis is given below

Explanation:

The preparation of an incremental analysis is shown below:

Particulars Make Buy Net Income - Increase/(Decrease)

Variable Manufacturing Cost

(10,300 × $5) $51,500 - $51,500

Fixed Manufacturing Cost

(10,300 × $3) $30,900 $30,900 -

Purchase Price (10,300 × 6) - $61,800 $(61,800)

Total Annual Cost $82,400 $92,700 $(10,300)

By above calculation, we can interpret that the marigold should make the part as it would became cheaper but it also saves the cost of $10,300

4 0

3 years ago

Use the following scenario to answer the next eight questions: An economy has two workers, Smith and Ricardo. Each day they work

olya-2409 [2.1K]

Answer: 0.25 computer

Explanation:

Given that,

Smith can produce = 4 computers or 16 smartphones

Ricardo can produce = 6 computers or 12 smartphones

The opportunity cost for smith to produce one smartphone is as follows:

= $\frac{Total\ computers\ can\ be\ produced}{Total\ smartphones\ can\ be\ produced}$

= $\frac{4}{16}$

= 0.25

Therefore, 0.25 computer have to be foregone to produce one smartphone.

4 0

3 years ago

The next wave of marketable innovations may involve new ways to produce and conserve energy. If we can turn new technology into

luda_lava [24]

Answer:

The correct answer is "Gross domestic product (GDP)"

Explanation:

The market value of all the final goods and services produced in a specific time period is called Gross Domestic Product GDP

6 0

3 years ago

The Lo Company earned $2.60 per share and paid a dividend of $1.30 per share in the year just ended. Earnings and dividends per

Kitty [74]

Answer:

Price of stock is $18.57

Explanation:

Dividend growth method measures the stock value by taking sum of present value of all future cash flows means present value of all future dividends.

Use following formula to calculate the price of stock

Price = Dividend / Rate of return - Growth rate

According to given data

Dividend = $1.30

Required rate of return = 12%

Growth rate = 5%

Price = $1.3 / ( 12% - 5% )

Price = $1.3 / 7%

Price = $18.57

3 0

3 years ago