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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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Answer:

d. Equilibrium price will increase, equilibrium quantity will decrease"

Explanation:

"Ceteris paribus" all things being equal; the higher the price, the lower the quantity demanded. If there are speculations about possible increment in price of wheat in near future time, it will result into panic buying of wheat in the market today and that will definitely increase the equilibrium price of the wheat and decrease the equilibrium quantity of wheat demanded.

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3 years ago
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Which of the following documents is not often used for inventory control?
podryga [215]
The answer is Sales receipt
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Trevor is watching a late night TV show when a low-budget commercial for a local restaurant comes on air. He is affronted by the
tangare [24]

Answer: Peripheral route.

Explanation:

Persuasion is the ability to convince one or more people about something, to think in a certain way, or to do something in particular.

The persuasion follows two routes; the central route, and the peripheral route:

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In this case, Trevor was guided by what he saw to decide, so he followed the peripheral route of persuasion.

<em>I hope this information can help you.</em>

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3 years ago
Which jobs would be included in the Marketing, Sales, and Service career cluster?
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Survey Researcher

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I just got this answer correct on my online exam.

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A general purpose job board as seen in the question can be defined as a website that offers job recruitment services in its entirety.

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Cheers.

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