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dimaraw [331]
3 years ago
14

How does supply and demand affect the price of oil?

Geography
1 answer:
labwork [276]3 years ago
7 0

Answer: The law of supply and demand primarily affects the oil industry

Explanation: by determining the price of the "black gold." Expectations about the price of oil are the major determining factors in how companies in the industry allocate their resources. Prices create incentives that influence behavior.

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Geologists found this fossil in the layers of a sedimentary rock. What can this tell them about the area it was found?
IceJOKER [234]

Answer:

An outcrop consisting of several horizontal sedimentary rock layers represent a vertical time-series of geologic events. The textures of each sedimentary layer tells us the environment that was present at that location when the layer formed.

Explanation:

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3 years ago
Which of the following is NOT included in the geographic region referred to as "Middle America"?
MrRissso [65]
Middle America refers to the states to the south of the US and specifically Mexico, the states of Central America and Islands near Central America. Venezuela does not belong to those states; It is part of South America and it is quite far from the other areas, relative to the distance between them.
8 0
2 years ago
Read 2 more answers
Write an essay of 200 words comparing the ways in which command economies and market economies affect a worker's life.
aleksandrvk [35]

Characteristically, Command Economies are bad when it comes to a person interested in making a profit; this is because they typically center on economic equality and do not have economic efficiency. Speaking in general, in a command economy, the allocation of resources is done by a Central Planning Committee, and this system usually leads to quite a number of shortages and/or surpluses in products since the demand/supply can be impulsive.<span> On the other hand, Market Economies are centered on profit-making and Economic Efficiency.</span>

<span>
</span>

Essentially, how well resources are distributed among the public will determine how well people will be rewarded. Let’s take for instance, a parking lot like downtown; characteristically, a market economy will likely focus on how to place as many cars as possible in the lot and how to use the space to its full capacity, while a Command will most likely try to apportion the space so that (just for example) 3 small, 3 medium and 3 large vehicles are parked (economic equality).

<span>
<span>Finally, with a market economy, there is likely to to be less shortages and less surpluses, since it works with the Law of Supply and Demand in which an equilibrium price will be automatically established through buying and selling.</span></span>

6 0
3 years ago
Maps are especially useful or showing aspects of the world that cannot be seen directly these include
ololo11 [35]

Answer:

hdshsu

Explanation:

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5 0
3 years ago
Which region is least likely to experience severe damage due to an
GaryK [48]

Answer:

The answer would be region B.

Explanation:

Region B has a light blue coloring showing that it is least likely to have an earthquake. There is also not much black or red showing the population isn't high in that area. Meaning, not much damage will be cause if an earthquake were to occur.

Hope this helps!

3 0
2 years ago
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