Explain why relying heavily on a single commodity like oil makes the economy vulnerable to global economic conditions and fluctuations in oil prices.
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Explain why relying heavily on a single commodity like oil makes the economy vulnerable to global economic conditions and fluctuations in oil prices.
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- Explain two different reasons why most economists believe that a lack of petroleum never will cause the global oil industry to come to an end.List down the main ingredients or raw materials in manufacturing the Ferrari sports car. Identify the corresponding country from which each ingredient or raw material cameWhat was the role of the oil industry in the economy both before and after the revolution in Iran?
- You work for a Nova Scotia Company trying to successfully enter the cranberry market in Australia. In the entry country (Australia), what is the state of well-being? Do people have proper access to food, nutrition, housing, and healthcare? How do they spend their leisure time and how much money do they spend on recreation? Are retired citizens financially sound?Green Gardens Berry Farms is facing some harvesting decisions in order to decide how many tons berries to harvest and supply to local markets. They face the following situation: Their FIXED COSTS in terms of existing harvesting tools, land rents, etc. is: $20 Their main variable cost is to hire farmworkers, whom they must pay as per the region's minimum living wage laws at $15 per worker hour. They are able to coordinate production given their existing infrastructure at the following cost structure. Berry harvests are measured in Metric Tons harvested per worker hour. Green Gardens Berry Farm Quantity of Farmworker (quantity in metric tons harvested)|hours needed for Harvest 13 2. 114 20what product would people around the world demand more of during tough economic times, and more importantly why?
- How much gasoline could Americans save each year if they did not take care of lawns? At today’s gas prices, how much money would this save annually?You will research how the energy is extracted or produced and try to be very detailed about the process and the chemistry involved (stating equations and reactions). You will also research the impact on the environment when using or producing fuels. Investigating wind energy: How is it produced? What is the chemistry involved (stating equations and reactions)? What is the impact on the environment? it should be 400 words Investigating solar energy: How is it produced? What is the chemistry involved (stating equations and reactions)? What is the impact on the environment? 400 words eachHow can the storage of fuel supply affect the growth of our economy especially in today’s time where we are experiencing a pandemic?
- In a global economy, economic issues that affect members of the global community impact us all. In this activity, you are to conduct a search for an article on globalization. Your response will review and summarize this article. Be sure to include your opinion on the importance of globalization on the consumer in your response. Your response should be a paragraph of at least 7-10 sentences.will Houston remain the "energy capital of the world" for the foreseeable future? if yes, why?Some less-developed nations are unable to devote resources to various research and development projects. Attempting to increase their economic growth, sometimes they acquire pharmaceutical or technological goods and reverse engineer them to determine how they’re made, then sell them in domestic markets. Is it ethical and/or necessary to produce and sell a product without having developed it and not having a patent for the product? What could be the short run and long run consequences of such an action?