OPEC attempts to manage oil production of its member countries by setting crude oil production product targets, or proportions, for its members. Compliance of OPEC members with OPEC proportions is mixed because product opinions are eventually in the hands of the individual members.
<h3>
how does OEPC regulate the prices of oil?</h3>
The Organization of the Petroleum Exporting Countries (OPEC) can have a significant influence on oil production prices by setting product targets for its members. OPEC includes countries with some of the world's largest oil painting reserves. At the morning of 2020, OPEC members controlled about 71 of total world proved crude oil painting reserves (plus parcel condensate), and they reckoned for 36 of total world crude oil painting product in 2020.
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Answer:
<em>1. Increase in literary rate b. Investing in human capital</em>
<em>2. Increase in foreign demand for goods c. Engaging in international trade</em>
<em>3. Increase in production speed and quality a. Investing in physical capital</em>
Explanation:
In order to increase in the literary rate there should be an investment in human capital. whereas to increase in demand for goods in foreign there should be more emphasis on the foreign trade or international trade.
In crease in production speed and quality will be possible with investment in physical capital.
Answer: False
Explanation:
A stock redemption refers to a scenario where a company calls back its shares from shareholders. Not all shares allow for this to happen as there would have to be a provision in the stock that allows it to happen.
When a company performs a redemption, they do not have to cancel the shares immediately. They can either choose to retire them or they can keep them in reserve as treasury stock.
Answer: a. $28,000 $210,000
Explanation:
First column is income and second is Carrying value.
Carrying value is the fair value at year end = $210,000
Income = Dividend received + fair value adjustment
Fair value adjustment = Fair value - cost of shares
= 210,000 - 200,000
= $10,000
Dividend = 45% * 40,000
= $18,000
Income = 18,000 + 10,000
= $28,000
Answer: Perfect competition
Explanation:
The market structure for a small scale corn farmer is perfect competition. The characteristics of perfect competition include:
1. Large Number of Sellers and Buyers: In a perfect competition, there are large number of buyers and sellers in the market. Producers are price takers and the seller cannot influence the price. There are numerous people on the market that sells corn and no seller can influence price.
2. Homogenous Products: The products are identical. Corn looks thesame and cannot be differentiated.
3. Perfect information. There is perfect information about the prices of products and other necessary information regarding the products. There's a perfect information regarding the corns that are sold.
(4) Free entry and exit: There's free entry and exit as new sellers are free to come into the market. There's no obstacle in the market.
