Answer: parochialism
Explanation:
Parochialism is the state of mind, whereby one focuses on small sections of an issue rather than considering its wider context. More generally, it consists of being narrow in scope. In that respect, it is a synonym of "provincialism". It may, particularly when used pejoratively, be contrasted to universalism.
Answer:
The bullwhip effect.
Explanation:
This effect ocurs when a company orders more goods to meet the anticipated new demand. It happens because the demand for goods is based on demand forecasts from companies, rather tah actual consumer demand. (They end with a lot of storage and no one is buying, in this example.)
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Caspian sea has the most accessible oil reserves