How did the embargo by the organization of petroleum exporting countries (opec) contribute to stagflation problems in the early 1970s?

Answers

Answer 1
In economics, stagflation refers to a situation that is a combination of stagnation and inflation and in which the inflation rate is high, economic growth is slow and unemployment remains steadily high.
The embargo by the OPEC in 1970 caused the oil price to go up and this resulted in inflation.
Answer 2

The answer is: Oil prices greatly increased; as much as 400% in one year.

Embargo refers to official trade ban that a certain country/organization give to another country.

Many western nations (including united states) depended heavily on the oil products that produced by OPEC. After the embargo, the OIL supply in united states became extremely scarce, This make the oil price in united states experience a drastic increase within the course of one year.


Related Questions

The price of a product has dropped greatly, and store owners do not have enough of the item to meet demand.

Answers

The case is an example of price elasticity of demand since a small change in price created a greater demand for the product.

Non-gaap earnings: multiple choice could be considered management's view of permanent earnings. are needed for the correction of errors. are standardized under generally accepted accounting principles are useful to compare two different firms' performance.

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Non-gaap earning or pro forma earning are cosidered management's view of permanent earnings. Pro forma earnings are not derived by standard GAAP method and it is projected earnings based on a set of assumptions and often used to present a business plan (in Latin pro forma means "for the sake of form"). 

''what type of goods includes raw materials used to produce other products?''

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Industrial goods are type of goods that includes raw materials used to produce other products. They are physical items used by companies to produce other products. Derived demand is the consumer demand for consumer goods. On this  derived demand is based the demand for industrial goods.

A woman is offered a prestigious job in a failing corporation. this is an example of:

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The illustration or example given above is an example of glass precipice. A glass precipice is a type of metaphor illustration that depicts an effect that is not seen or visible when in terms of the employability of a person or an individual.

Prior to opening her new restaurant, Nia is determining what items to offer on the menu, the anticipated profits and expenses, the tasks of various employees, and how those jobs will be handled. Nia is writing her ________.

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Nia is writing her business plan. Business plan is very essential to come up with a good business model, it is where you layout what are the products you want to sell, how much will you spend for it or the expenditures necessary and how much will you gain from it. It is also essential to know how many employees you have to hire to keep the business running and be familiar with their corresponding duries and responsibilities. These are all necessary when putting up a business just like what Nia wants to do and that is to put up a restaurant.

An entity that buys goods and sells them to consumers at a markup is a​ ________.

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Final answer:

A retailer is an entity that purchases goods and sells them to consumers at a markup, influencing the market's equilibrium price to attract consumers with perceived 'good deals'.

Explanation:

An entity that buys goods and sells them to consumers at a markup is known as a retailer. The process involves purchasing products wholesale from manufacturers or distributors, then increasing the price to make a profit when selling to customers. Retailers play a critical role in the market, facilitating the movement of goods from suppliers to the end consumers, and are part of the broader concept of supply and demand. They often influence the equilibrium price of goods by adjusting their pricing strategies based on consumer interest and competition, striving to provide products at prices consumers perceive as 'good deals,' enhancing customer satisfaction and loyalty.

Your weight is currently stable. you have chosen to give up your daily 215-calorie mocha latte coffee. about how much weight can you expect to lose over 5 years if nothing else changes?

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With the given scenario, the expected lose over one year when this is applied and nothing else changes is twenty pounds, so if you applied it over five years, you should multiply twenty pounds over five years in which it will give you one hundred and ten pounds.

Rites and rituals are ____. for example, employees of new belgium brewery in fort collins, colorado, get a free brewery-hopping trip to belgium after being employed by the company for five years.

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The rites and rituals are considered to be ceremonies and activities in which should be placed on the space provided because they are use for occasions in a way of celebrating a specific group or organization that has set an example above.

Your body generally absorbs about 20 to 40 percent of the carotenoids you eat. this proportion ______ as the amount of carotenoids you eat increases.

Answers

Since carotenoids are tightly-bound in proteins in our foods, our body only typically absorbs about 20% - 40% of what is consumed. However, as the amount of carotenoid eaten increases, this proportion further decreases/ drops-- to 10% or less. 

Carotenoids are plant pigments which are responsible for the bright red, yellow, and orange colors of fruits and vegetables, such as carrots, pumpkins, squash, and mangoes. Certain types of carotenoids form Vitamin A, which is essential to health. Moreover, carotenoids exhibit antioxidant activity by protecting cells from free-radical damage. 

Answer:

DECREASES

Explanation:

Julio is devising a marketing plan for introducing his company's products into a new market. julio comes up with customized marketing strategies that cater to the unique needs of the new market. all his decisions involve risk and uncertainty as he is unaware of the conditions in the new market. the type of decision being made by julio in the above situation is called a _____ decision.

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Julio is devising a marketing plan for introducing his company's products into a new market. Julio comes up with customized marketing strategies that cater to the unique needs of the new market. all his decisions involve risk and uncertainty as he is unaware of the conditions in the new market. The type of decision being made by Julio in the above situation is called a non-programmed decision. Non-programmed decision deals with risk and uncertainty. It is also complex and unstructured.

 

Refer to exhibit 7-3. what is the average total cost of producing 60 units of output?

Answers

Exhibit 7-3 shows the variable cost is $80. So do 80/60 and your answer is $1.33. 
I dont take your class but Im assuming this is the answer.

In the context of statutorily mandated arbitration, why has arbitration become widespread during the last few decades?

Answers

Arbitration refers to a type of alternative to dispute resolution; it involves resolving of disputes outside courts. In this type of dispute resolution, arbitrators consider the case of each party and render arbitral award which is legally binding and enforceable in courts.
Arbitration has become widespread in the last few decades due to the fact that the law may require the disputing parties to take their case to arbitration. For instance, some states in America have laid down statues that demand that some dispute types have to be submitted to arbitration.

______ is the degree to which rules and procedures govern work.

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Formalization. is the correct word for the blank

Eileen is considering assignments, training programs, and development opportunities that she will need in preparation for being a general manager in the future. eileen is in the:

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Eileen is in the development phase in terms of her career development. The development phase is where the person is starting and learning to develop the activities that he or she is involved in—in a way to show the person strengths and achieve things with the use of their performance.

We can use the keyword "considering" in this context. She is thinking about different opportunities that she can get into in order to boost her career into being a general manager. Therefore, she is in the career development stage of her career as she has decided what she wants to do and already thinking how to develop it.

"three arrows inc. is a company that manufactures bags from recycled paper. its marketers receive complaints that the bags easily become wet and tear after a few weeks of use. they decide to respond to their customers' needs by using a thicker, waterproof paper. this is an example of _____."

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The described type of respond to the customers complains in which the marketers decide to make some changes in the materials they use to produce the bags (they decide to use thicker, waterproof paper) is an example for quality modification. Quality management is related to the the dependability and durability of the products.

The process of hiring an external provider to do the work that was previously done internally is referred to as

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outsourcing could be an answer

During world war i, the supreme court upheld the espionage act by ruling that congress has a right to restrict speech that __________.

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In Schenck v. U.S. (1919), the Supreme Court maintained the Espionage Act which constrained freedom of speech and media during World War I. They governed that Congress had a right to restrict speech "of such a nature as to make a clear and present danger that will carry about the practical evils that Congress has a right to prevent."

When was the word integer introduced?

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The origin of the word integer dates back to the early 16th century. Back then, the word was used as an adjective meaning 'entire' or 'whole'. However, the word is composed of two Latin words 'in-' (expressing negation) and the root of 'tangere' (to touch) which were used separately ages before it came together we know it today.

When a company invests in a foreign firm and holds active ownership of the firm, then the company is said to be in a joint venture with the foreign firm.
a. True
b. False?

Answers

Answer: FALSE

As the name suggests, a joint venture is a joint agreement between two or more parties or companies where both maintain their individuality. For example:
when a domestic company buys a part of a foreign company or joins with any foreign company or firm, both hold their equal rights in the new entity. In a joint venture the ownership is shared between the companies or firms.

A grocery store sells grapes for 1.99 per pound you buy 2.34 pounds of the grapes how much do you pay

Answers

The answer to this question would be: $4.66

In this question, the grapes price is $1.99 per pound and you try to buy 2.34 pounds of grapes. Then you need to multiply the price with the weight of grapes. The calculation would be:

total price= price per pound * grapes weight(in pounds)
total price= $1.99/ pound * 2.34 pounds= $4.66
Final answer:

In this scenario, the total cost of buying 2.34 pounds of grapes at $1.99 per pound is $4.66.

Explanation:

The student is buying 2.34 pounds of grapes which are priced at $1.99 per pound. To find the total cost, multiply the weight of the grapes by the price per pound, in this case, 2.34 pounds times $1.99 per pound. This gives a total cost of $4.66.

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What are the two most important variables for determining resource allocation?

Answers

What are the two most important variables for determining resource allocation?

Answer:
Location and Time

Since readers of routine replies and positive message will generally be interested in the​ content, the​ __________ approach should be used.

Answers

The direct approach should be used in routine replies and positive messages since the readers will be generally interested. This is because it will have a more supportive tone.

Customs and taboos are culture-bound and should be taken into consideration when products are marketed in a foreign environment.

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True. It's of paramount importance to respect the laws and cultures where products are being marketed because in the end the people of that land that will purchase the products.

What windows feature that will notify you before changes are made to your computer?

Answers

The answer is the UAC or also known as the User Account Control. This will usually pop out on the screen to notify the individual using the computer of whether he or she would want to make changes before he or she exits a certain program or when there are changes made.

Answer:

Notify me only when programs/apps try to make changes to my computer - this is the default level, and UAC notifies you only before programs make changes that require administrative permissions. If you manually make changes to Windows, then a UAC prompt is not shown.

Explanation:

From society's perspective, in the presence of a demand-side market failure, the last unit of a good produced typically:

Answers

From society's perspective ........................... the last unit of a good produce typically COST MORE TO PRODUCE THAN IT PROVIDES IN BENEFITS.
Demand side market failure is said to occur when the consumers' full willingness to pay for a good or service is not fully capture in the demand for the good or service.

George works in a factory and is a member of the labor union. He thinks his wages are low for the work that he does, so he tells the union representative that his employer should increase his wages. The representative asks the other workers if they feel the same, and they all agree. The following week, the union representative met with the factory owner regarding an increase in wages, and the employer agreed to it. What strategy did the union use to get the owner to agree to increase wages?
individual bargaining
threaten to go on a strike
collective bargaining
threaten to quit their jobs
filing a petition to the government

Answers

The answer is collective bargaining
collective bargaining refers to a process where the representative of the labor union meet up with the representative of the business owners meet up to discuss several agreements that benefit both the union and the owners.
In this process, they could discuss things such as appropriate salary, benefit, holidays, work hours, etc.

Answer:

Collective Bargaining

Explanation:

If the annual inflation rate is 5 percent a year, about how many years will it take for the price level to double?

Answers

According to the rule of 72, the doubling time for price level when the inflation rate is r%, is given by
[tex]t= \frac{ln(2)}{ln(1+r/100)} \approx \frac{72}{r} [/tex]

Therefore
t = 72/5 = 14.4 years

Answer: About 14 years.

4-16. joyce and marvin run a day care for preschoolers. they are trying to decide what to feed the children for lunches. they would like to keep their costs down, but also need

Answers

Final answer:

Balancing cost with quality can be achieved by buying in bulk, preparing meals in-house, meal planning, and using seasonal and local produce. However, the meals should still be nutritious and appropriate for the children's age group.

Explanation:

Joyce and Marvin, who run a preschool day care, are in a typical predicament that most businesses face - balancing cost with quality. To keep their costs down while still providing nutritious meals for the children, they could look into buying food items in bulk, which usually comes at a discounted rate. Additionally, preparing meals in-house rather than ordering from a caterer could be another way to reduce costs. Meal planning in advance could help in buying only what is needed, hence, minimizing waste. Using seasonal and local produce is not only more affordable but also offers variety and freshness to the meals. At the same time, it's essential for them to ensure that the meals are nutritious and appropriate for the age group, as these are preschool children.

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What tool is used to forecast state economic growth , keep track of business cycles and generally provide information on health of the economy in texas?

Answers

Final answer:

Tools like the Biennial Revenue Estimate provided by the Texas Comptroller of Public Accounts are used to forecast state economic growth and provide information on Texas's economy. Texas has a diversified economy, which has shown resilience during economic downturns like the Great Recession and the COVID-19 pandemic.

Explanation:

The tool used to forecast state economic growth, track business cycles, and generally provide information on the health of the economy in Texas is likely an economic forecasting model or system. Such models include tools like the Biennial Revenue Estimate, which is published by institutions such as the Texas Comptroller of Public Accounts. These tools analyze various economic indicators, including gross domestic product (GDP), employment statistics, industry growth, and more to diagnose the health of the economy.

Texas has a robust economy and is known for its strong performance. It has diversified its economy from being heavily reliant on oil and natural gas to expanding into sectors such as high-tech manufacturing, healthcare, business services, and information systems. Additionally, the tourism industry is a significant contributor to the economy with attractions like national parks and the San Antonio Riverwalk. It is no surprise then that Texas was recognized as the Best State for Business by CNBC and has been the recipient of the Governor's Cup for multiple years.

During events such as the Great Recession and the COVID-19 pandemic, Texas has demonstrated resilience and an ability to recover. The state has adapted to changing economic circumstances by employing technology and restructuring workplace practices, which has helped to mitigate some of the negative impacts of economic downturns.

A commercial comes on for an arthritis cream. lachlan has been having some pain in his knees lately, so he's both motivated and able to attend to the commercial. therefore, he is more likely to use the ________ route to persuasion.

Answers

The answer is central route to persuasion. The central route to persuasion happens when the individual or group of people was able to convince or make the audience believe with the message or information that they had said or offered to them.

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Read the passage from Dr. Martin Luther King Jr.s speech I Have a Dream. I have a dream that one day this nation will rise up and live out the true meaning of its creed: We hold these truths to be self-evident; that all men are created equal . I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character. I have a dream today. I have a dream that one day . . . little black boys and little black girls will be able to join hands with little white boys and little white girls and walk together as sisters and brothers. Which rhetorical device is underlined in the passage? volume tone repetition colorful language Suppose the weights of farmer carl's potatoes are normally distributed with a mean of 8.0 ounces and a standard deviation of 1.1 ounces. suppose carl bags his potatoes in randomly selected groups of 6. what percentage of these bags should have a mean potato weight between 7.5 and 8.5 ounces? Name two ways in which water acts on land _____ of damages is a _____ party's legal duty to avoid or reduce damages caused by a breach of contract Anyone wanna help me please?!Allen has a photo that is 6 in by 8 in. What will the dimensions of the photo be if he scales it down by a factor of one-half ? 3 in by 4 in 6 in by 8 in 12 in by 16 in 1.5 in by 2 in Which amount is the best estimate for the cost of the vehicle to drive through the safari in 2009? 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