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
NeTakaya
3 years ago
6

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
A decision to carry out one of the activities in the value chain internally rather than to buy externally from a supplier is a _
iogann1982 [59]

Answer:

Make or Buy

Explanation:

Based on the information provided within the question this is known as a Make or Buy decision. Like mentioned in the question this is when a company chooses to produce a product and it's activities internally (meaning within their company or their subsidiaries) as opposed to buying it externally (outsourcing).

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
Social Security and Medicare taxes are two types of
tatiyna

Answer:

Income taxes

Explanation:

Those are two type of income taxes and i know this because my grandma gets those lololol..no joke though

5 0
1 year ago
Company XYZ applies overhead cost to jobs on the basis of direct labor cost. Job A which
Bumek [7]

Answer:

sorry po hindi ko po alam pag alam ko po sasabihin ko po sa inyo promise

6 0
3 years ago
How do you say deserve in spanish
makvit [3.9K]
It would be spelled like merecer
7 0
3 years ago
Read 2 more answers
Which tests must a company use to determine which operating segments require separate disclosure? A) Revenue test and asset test
Pachacha [2.7K]

Answer:Revenue Test, profit or loss test and asset test are tests to determine which operating segments require separate disclosure.

Explanation:Revenue Tests is the rough determination of the price elasticity of demand for a company's product, this is done by evaluating changes in income that may arise from price change.

Profit or loss test determines if the business is profitable or not.

An asset test is the company's ability to meet it's short term legal responsibilities.

6 0
3 years ago
Other questions:
  • As a junior congress person you have been asked to help promote a bill to allow casino gambling in your state. There is much opp
    7·1 answer
  • what is a federal government program providing retirement, survivor, and disability benefits, that is funded by a tax on income?
    14·1 answer
  • A restaurant that offers food made exactly to each customer's preference is providing __________ utility.
    10·1 answer
  • Which of the following is NOT a correct statement regarding break-even?
    7·1 answer
  • The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Num
    5·1 answer
  • The accountant for Murphy Company prepared the following analysis of its inventory at year end: Item Units Cost per Unit Net Rea
    6·1 answer
  • For more than a thousand years, the Catholic Church required its members to abstain from meat on Fridays. Catholics customarily
    5·1 answer
  • Julio is in the 32% tax bracket. He acquired 9,000 shares of stock in Gray Corporation seven years ago at a cost of $20 per shar
    13·1 answer
  • Regulatory policy is a balance between ___________________ safety and ____________________ rights.
    5·2 answers
  • ________ is a term for men who are keenly interested in fashion, home design, gourmet cooking, and personal care.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!