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.

Q: How are low fuel prices affecting countries which are dependent on fossil exports?

A: The changes in oil prices also affect the demand and supply of all other goods. Therefore, the…

Q: Why carbon offsets should not be allowed to be used in cap-and-trade markets?

A: Carbon offsets: Carbon offsets can be considered as making an investment in projects like investing…

Q: Examine the long-term economic impacts of climate change on global agricultural productivity.…

A: Climate change refers to significant and lasting alterations in Earth's climate patterns, largely…

Q: A Middle Eastern country has an oil reserve that it can extract for a profit of $50 a barrel today,…

A: Present value is the discounted value of future amount .. Present value = Future value / (1 +r ) ^n…

Q: Suppose a depletable natural resource has no substitute. The resource can be extracted from the…

A: In the market, when a product has no close substitute, it will be exchanged in the monopoly market,…

Q: Why was there such a concern in the second half of the 20th century with reducing military weaponry,…

A: Nuclear weapons are lances of mass annihilation; in contrast to conventional fighting, nuclear…

Q: List and describe one supply-side policy and one demand-side policy that could be instituted to…

A: Sustainable forestry: It refers to a planning that helps forest to managed in appropriate way. This…

Q: I have a question on the law of supply and demand. How does supply and demand become affected when…

A: External shocks are events that are unexpected and impacts the real economic growth. All the…

Q: Based on the late 20th century predictions of proven resources, the world's oil productions should…

A: The predictors believes that when first found the oil, the people will increase the consumption,…

Q: How does global demand for fish affect marine natural resource economics? Please give a reference.

A: The global demand for fish occurs when people demand fish all over the world. Its demand is…

Q: What strategies is Boeing using to recover its reputation as it continues with globalizing its…

A: Globalizing is done to expand the business and allow it to enter new markets in other parts of the…

Q: Revenues from ecotourism generate more than $1 million per minute in tourist expenditures worldwide.…

A: True

Q: What are the beliefs, assumptions and values about Chernobyl ? Why is Chernobyl relevant to modern…

A: The show emphasises the importance of bravery as a virtue.It also looks at the dangers of having…

Q: How did rental car companies respond to the change in market conditions resulting from the COVID-19…

A: The objective of this question is to understand the economic decisions made by rental car companies…

Q: Suppose that a vaccine manufacturing company owned entirely by U.S. citizens opens a new facility in…

A: a)Foreign direct investment. b)Canada GDP would increase and U.S GDP would be unaffected.

Q: Q=40KL, w=$50 and v=$50. We want to produce a Quantity of 1000. 1-What is the RTS? 2-How much K and…

A: Given information: Q = 40KL  --------> Production function w = 50 -----------> wage rate v =…

Q: What does the observed market price for a depletable natural resource reflect? What factors might…

A: Natural resources consist of everything that is available below the surface, on the surface and…

Q: (a) Boreland and Pipeland are two countries producing toycars, having the following demand and…

A: An equilibrium price, often referred to as a market-clearing price, is the specific price level at…

Q: Why would multinational corporations from the U.S. be interested in emerging and developing markets…

A: There are different products manufactured in the economy for the functioning of economy. Different…