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zzz [600]
3 years ago
7

In 1975, OPEC did not allow the export of U.S. crude oil in order to drive up the price of oil. This action is an example of a(n

)
Business
1 answer:
Murrr4er [49]3 years ago
4 0

Answer: d. export ban

Explanation:

An Export Ban as the term implies refers to restrictions on the sale of a good to another country or set of countries.

In 1975, OPEC in a bid to drive up prices as well as punish countries it viewed as sympathetic to Israel, refused to supply the US and it's Allies with Oil thus reducing supply in the market. This had the effect of driving up oil prices and accomplishing their goals.

It had the effect of encouraging the US to implement an export ban so that domestic production in the US could be ramped up to take care of the population should OPEC ever threaten them again.

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During the 2008 election period the United States
iogann1982 [59]

Answer:

C.

Explanation:

During the 2008 election period the United States was going through a period of stagflation and the Presidential candidates were proposing various tax cuts and tax relief measures to stimulate the economy. This period of stagnation, which is a period of very little economic growth and yet a very high unemployment rate, it was mostly caused by the stock market crash during that year.

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

3 0
3 years ago
Xerox pioneered the first portable fax machine. In 1980, the price was $12,700. Xerox used a(n) __________ pricing strategy to h
Snezhnost [94]

Answer:

C. skimming

Explanation:

Based on the information provided it is safe to say that by setting the price at $12,700 Xerox used a skimming pricing strategy. This is a pricing strategy in which the firm/company places their new product in the market with the highest price they can give it and go slowly lowering the price as time goes on. This is mostly done with brand new, one of a kind products that do not have competition, like the portable fax machine that Xerox designed.

3 0
4 years ago
Imperfect markets: do not exist in democracies. always result in supply exceeding demand. always result in demand exceeding supp
Korolek [52]

Answer:

The correct answer is: when buyers and sellers have influence on price.

Explanation:

The imperfect market situations exist when there are few buyers or sellers such that they are able to influence the market. For instance, in a perfectly competitive market, there is a large number of buyers and sellers. So, any single buyer or seller is not able to influence the market. The price and output are determined by the market forces.  

In an imperfect market such as monopoly or oligopoly, few firms exist so they are able to fix output and price on their own.

5 0
4 years ago
What option will NOT be available if you are behind on loan payments?
Elena L [17]

Answer:

I think the answer is...... A.You can ask to get out of your loan.

Hope i helped :)

Explanation:

6 0
3 years ago
This is a growth strategy with a goal to take customers away from competitors.
vitfil [10]

Answer:

market penetration

Explanation:

As market is already created but the share of the company needs to be higher.

8 0
3 years ago
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