Explain why relying heavily on a single commodity like oil makes the economy vulnerable to global economic conditions and fluctuations in oil prices.

Q: The real costs of transporting goods and people have declined substantially over time.  What impact…

A: An individual producer is the person that manufactures of goods and services on the economy.

Q: How should we expect the cost of oil to affect the cost of producing gasoline, diesel and other…

A: The price of the goods and services depend on the demand and the supply of the goods and services in…

Q: can fair trade or other types of ethical consumerism make a big difference for the global South…

A: Fairtrade is the international body that is developed to help the producers of the countries and…

Q: True or False According to estimates by ecological economists and scientists, we have sufficient…

A: Resources in the world are important for global sustainability. There are various natural resources…

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 a frequent-user incentive differ from a premium

A: Incentives can be defied as the payments or concessions that are given for stimulating a higher…

Q: most populous

A: A populous city is where there are a lot of people.Resource depletion could occur rapidly, leading…

Q: From a resource-based view, what valuable and unique resources and capabilities does Microsoft have…

A: The resource-based view  is a model that emphasises the importance of resources in achieving…

Q: Explain two different reasons why most economists believe that a lack of petroleum never will cause…

A: When there will be lack of petroleum, the supply will shift to the left and hence will raise the…

Q: why would expanding the nation's communication network be considered an increase in wealth, while…

A: Development of communication system is seen as increasing the wealth of the nation because the…

Q: What would make industries winners or losers in a country like Duba

A: A developed country is a country that uses high technologies; people have a high standard of living…

Q: Global warming has a negative impact on the entire world, but policymakers hesitate to make changes…

A: The objective of the question is to understand the potential economic impacts of implementing new…

Q: What would the short-run and long-run implications be due to the economic climate if the Indonesian…

A: Indonesia is essentially a developing economy with ample potential for growth and development.

Q: Should a global company pull out of, or avoid investing in, a country well known for human rights…

A: Human right abusement is the illegal practice according to the international law of justice, there…

Q: Various international crises and issues periodically raise the price of oil imports, which can send…

A: Oil is one of the widely used natural resources because of its multiple uses, such as in cooking,…

Q: In the country of Mordor, the government spent $200 million on swords. Prices do not rise at all,…

A: In this problem, we are tasked with determining what percentage of every dollar people in the…

Q: We are rapidly devastating the oceans’ carrying capacity. Worldwide limitations to commercial…

A: The activity for catching fish and other seafood being done for earning commercial profit being from…

Q: e average person probably had never heard of the Organization of Petroleum Exporting Countries…

A: Organization of Petroleum Exporting Countries [OPEC] is a long-lasting intergovernmental…

Q: How do many economists feel about protecting infant industries?   Question 30 options:   Protection…

A: Infant industries are young industries that are just starting out. Protection is given to infant…

Q: Corn is by far the dominant crop in the United States. In what ways is this a good thing for…

A: Agricultural products and other items related to agriculture are considered to be of prime…

Q: Given the ethical lapses that are so prevalent today, what can be done to restore trust in the…

A: First and foremost, individuals who have broken the law should be appropriately punished.

Q: Please explain in detail what would happen to our capitalist system when it is confronted with…

A: Capitalism is an economic system in which there is least government intervention. Private firms and…