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mojhsa [17]
3 years ago
9

A recent news story reported that the Organization of Petroleum Exporting Countries is expected to decrease the supply of oil ne

xt summer. Summer is traditionally a time of increased demand for oil because of vacation travel. What would be the combined effect of these two events on the summer market for gasoline?
a) an unpredictable change in the price and a decrease in the quantity
b) an unpredictable change in both the price and the quantity
c) an increase in the price and an unpredictable change in the quantity
d) an increase in the price and the quantity
Business
1 answer:
erastovalidia [21]3 years ago
8 0

Answer:

Option "C" is the answer.

Explanation:

Option "C" is the answer.

The decrease in the supply of oil will shift the supply curve leftwards. Similarly, the increases in the demand will shift the demand curve rightwards. The leftwards shift in the supply and rightward shift in the demand curve will result in an increase in price but the change in quantity can not be predicted because the magnitude of change will depend on the shift in the curves.

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When a US company purchases and imports wood from Brazil to use to build new houses, within the United States, this purchase inc
Mariana [72]

Answer:

The correct answer is 2. No overall change.

Explanation:

The aggregate demand is the total goods and services demanded by a country, at a certain price level, in a certain period of time.

The aggregate demand that can be accounted for measures exactly the same as GDP. So they are often used as synonyms.

To calculate aggregate demand, the same methods as for calculating GDP can be used, however, aggregate demand is associated with expenditure, so it is calculated by the product method, that is, from the point of view of what society has spent. This calculation takes into account the expenditure of families (private individuals), what has been spent on investment, the cost of public administrations, and finally, net exports, which is the difference between imports and exports In this way, the Aggregate Demand formula would look like this:

DA = C + I + G + (X-M)

3 0
3 years ago
At the end of the current accounting period, Ringgold Co. recorded depreciation of $15,000 on its equipment. The effect of this
kolbaska11 [484]

Answer:

B)owners' equity and decrease assets.

Explanation:

From the question, we are informed about Ringgold Co. Whereby At the end of the current accounting period, Ringgold Co. recorded depreciation of $15,000 on its equipment. In this case, The effect of this entry on the company's balance sheet is to decrease owners' equity and decrease assets. Depreciation can be regarded as type of expense that brings reduction in value of an asset. It can be regarded as scheduled and not estimated expense . Depreciation can be recorded on balance sheet, as well as cash flow statement.

3 0
3 years ago
The economic term used to describe the government's influence on savings and changing the levels of government spending is ___.
Tresset [83]

Answer:

Fiscal policy

Explanation:

Fiscal policy -

The term fiscal policy is based on the idea of British economist John Maynard Keynes .

It is the policy by which the government spending and policies of tax are used in order to alter the economic growth , inflation , deflation , employment , services etc, is referred to as fiscal policy.

Hence, from the given information of the question,

The correct term is fiscal policy.

3 0
4 years ago
Im still having trouble picking some clubs. <br> what would you suggest
natali 33 [55]
Um we’ll depends on we’re you live. You can probably search up best clubs near me on google!
6 0
3 years ago
Read 2 more answers
Expatriates who are citizens of an employer's home country and residing and working in another nation are called _____
denis-greek [22]

Expatriates who are citizens of an employer's home country and residing and working in another nation are called <u>parent-country nationals.</u>

A Parent Country National or PCN is an employee who works in a country other than their country of origin. They are also called "ex-pats" or "expatriates".

Parent Country National or Home Country National – A permanent resident of the country where the company is headquartered. Host Country Citizen – A permanent resident of the country in which we have our place of business.Benefits: Offer opportunities for promotion and advancement to local people, increasing their engagement and motivation. Disadvantages: Lack of opportunities for international and cross-cultural experience for homegrown citizens.

Learn more about Parent here: brainly.com/question/240537

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7 0
2 years ago
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