Answer:
The OPEC member countries control a large percentage of the world's oil production which gives them a lot of power to affect world oil prices.
Explanation:
OPEC with a total number of 14 members at present produces about 40 percent of the world's crude oil. Therefore, OPEC actions do affect international oil prices because of the size of the market share the collective controls. However, there are also oil sources beyond the OPEC states. For example, Brent Crude refers to oil that is produced in the Brent oil fields and other sites in the North Sea. WTI is the benchmark crude for North America. WTI is better suited to the production of gasoline while Brent oil favors diesel fuel production. Because together OPEC holds three-quarters of the world's conventional oil reserves and has the world's lowest barrel production costs, it can influence world oil prices and supply by deciding to either produce more or less barrels. If OPEC lowers production the price of oil increases because Brent and WTI have to make up the difference, and their production prices are higher. However, OPEC's ability to affect prices is changing with Canada, China, Russia and the United States increasing their own output in recent years.
Answer:
The Native Americans felt that the Europeans were taking their land. The Europeans felt that the Native Americans had more than enough to share.
Explanation:
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Hello there!
The aswers is: This will cause U.S. consumers to <u>increase</u> their imports from New Zealand and New Zealand consumers to <u>reduce</u> their imports from the U.S. According to purchasing power parity (PPP), whis will result in an <u>appreciation</u> of the New Zealand dollar (NZ$).
Explanation:
The inflation rate refers to an overall increase in the Customer Price Index (CPI), a weighted average for different goods. If this the U.S. inflation rate is lower than the New Zealand inflation rate, the U.S. will have the opportunity to import more products and/or goods as they rate means economic certainty, and New Zealand as being more affected, their imports will decrease.
Answer:
Explanation:
The most common type of economic incentive system is payroll: A paycheck motivates people to show up to work and perform their duties.
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Here are five common examples.
Tax Incentives. ...
Financial Incentives. ...
Subsidies. ...
Tax rebates. ...
Negative incentives.
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Negative incentives make people worse off and are called “penalties.” Losing TV time, not swimming, missing PE class, and time out are negative incentives. These are things you do not want to happen.
Jeans day. Does your school have an assigned school uniform policy? ...
Late homework pass. High school students often have many things going on in their lives at once. ...
Move seats. ...
Nap time. ...
No homework pass. ...
Electronics pass. ...
Skip a class assignment. ...
Candy chest.
