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
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.

You might be interested in
A watch manufacturer incurs a variable cost of $10 per watch and fixed costs of $400,000. To earn a 25 percent markup on selling
WITCHER [35]

Answer:

$22.50 per unit

Explanation:

Mark -up is the percentage of cost that is earned as profit.

Using mark-up,

Selling price = Total cost + total profit

Total cot = Fixed cost + variable cost

Total costs = $400,000 +  (10× 50,000)

                   = $900,000

Sales revenue = 125%× 900,000

                       = 1,125,000

Selling price per unit = Sales revenue/units

                       =1,125,000/50,000

                     = $22.50 per unit

6 0
3 years ago
Read 2 more answers
5 years ago, Barton Industries issued 25-year noncallable, semiannual bonds with a $1,000 face value and a 9% coupon, semiannual
andreev551 [17]

Answer: 7.67%

Explanation:

To solve this, the financial calculator will be needed

Present value = -896.87

Future Value = 1,000

N = [(25 - 5years) × 2 = 40

PMT = $45

Given the above information, we will press the financial calculator as we'll press CPT after which we then press I/Y and we'll get 5.11%

Then, the the firm's after-tax cost of debt will be:

= (5.11% x 2 )(1 - 0.25)

= (0.0511 × 2) (0.75)

= 0.07665

= 7.665%

= 7.67%

6 0
2 years ago
A person who can afford a monthly payment of and signs a loan
Bond [772]

Answer:

4000

Explanation:

5 0
3 years ago
What is credit union
sp2606 [1]

Answer:

"a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates."

8 0
3 years ago
1. Fiscal policy refers to A. the behavior of the nation's central bank, the Federal Reserve, regarding the nation's money suppl
Vladimir [108]

Answer: D. The spending and taxing policies used by the government to influence the economy

Explanation:

Fiscal policy is simply the application of government spending/expenditures and revenue/taxing policies to influence the economy of a nation.

8 0
3 years ago
Other questions:
  • Pluto Inc. is computer technology corporation that has been manufacturing laptops for the last five years. Recently, in the face
    5·1 answer
  • Kiley Corporation had these transactions during 2017. Analyze the transactions and indicate whether each transaction is an opera
    9·1 answer
  • Tetra Co. uses the perpetual inventory system and a FIFO cost flow method. On January 1, the company purchased 2,400 units of in
    14·1 answer
  • 1. Do you believe that ERM will continue to evolve, and if so, how? 2. Do believe that risk is a two-sided coin with both upside
    9·1 answer
  • For marketing to occur, there must be two or more parties with unsatisfied needs. Dr. Pepper Snapple Group distributes Country T
    10·2 answers
  • Carla Vista Company reports the following operating results for the month of August: sales $385,000 (units 5,500), variable cost
    7·1 answer
  • Waterway Inc. and Carla Vista Co. have an exchange with no commercial substance. The asset oiven up by Waterway Inc. has a book
    14·1 answer
  • Heidi Company is considering the acquisition of a machine that costs $420,000. The machine is expected to have a useful life of
    5·1 answer
  • DJH Enterprises has 3 departments. Operating results for 2019 are as follows:
    7·1 answer
  • Rather than relying on inspections to ensure quality, problems should be_____ out of a product or process
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!