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The rise in the price of oil can be traced to a easy factor, but there are various other contributing factors.
The easiest explanation is that the demand for oil is greater than the present production. When demand exceeds supply, price will enhance, as people are willing to pay more to make sure that they get their scarce resource (oil in this case). Depending on your political views and knowledge of the situation, you may also believe that the production of oil is much lower than capacity due to certain middle-eastern countries know that America depends on oil imports more than other countries. An enhancing in oil prices will lead to a slightly weaker US economy.
Functions of a Commercial Bank 1. Credit Creation Creation of credit is a major function of a commercial bank. When a bank creates credit or advances loans, there tends
The annual income from an apartment complex is $20,664. The annual expense is estimated to be $3,414. The apartment complex could be sold for $146,499 at the end of 10 years. If yo
law of indefference curve
The U.K. produces and imports eggs. Suppose that the government imposed a quota on imports: Foreign suppliers could export no more than Q eggs (regardless of price). What effect do
(a) The four-firm concentration ratios for the following industries have been found from the Economic Census for Manufacturing (NAICS 31-33) as follows. The four-firm concentration
Singer suggests that although the right to sell blood does not threaten the formal right to give blood, it is incompatible with "the right to give blood, which cannot be bought, wh
discuss.
Suppose you belong to a tennis club that has a monthly fee of $75 and a charge of $5 per hour to play tennis.
Q. What is Inflation? Inflation between two points in time is defined as percentage increase of price index between these two points in time. Comments: Price inde
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