In the late 1970s, oil prices were expected to increase dramatically once controls disappeared. Regulated prices were pegged as low as $6 per barrel, while global prices had climbed to almost $30. According to the Joint Committee on Taxation, lifting

16,769 results
  1. Microeconomics

    Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch. Here is their willingness to pay for each film: Orson Alfred Woody Ingmar Frist film 7 5 3 2 Second film 6 4 2 1 Third film 5

  2. AP Eng

    Ehrenreich discovered that affordable rental housing was shrinking because A.most renters fail to pay rent on a regular basis, forcing renters to increase prices B.in a strong economy, rental prices increase C.construction companies could not keep up with

  3. English

    Which of the following is a simple sentence? A. The store opened early and closed late to celebrate its annual sale. B. She left home on time, but she still arrived late due to traffic. C. After he compared the prices and features, he purchased the less

  4. Social Studies

    1. Why do businesses seek a equilibrium price? A)It ensures that competitors cannot offer lower prices B)It attracts the largest possible number of consumers to the business C)It provides the highest possible prices that consumers will pay for each product

  5. Social studies

    Which was the most important effect of the Bessemer process? It allowed the production of more steel It reduced better steel It made steel cheaper It allowed factory production of steel•• 2. Which was the immediate goal of the standard Oil Company when

  6. Economics

    1. Use the table below to predict what would happen if airlines and baseball stadiums priced all seats the same instead of using variable-pricing. What would happen to the number of tickets sold? What would happen to the total revenue from ticket sales?

  7. Social studies

    1. Why do businesses seek an equilibrium price? A. It ensures that competitors cannot offer lower prices B. It attracts the largest possible number of consumers to the business •• C. It provides the highest possible prices that consumers will pay for

  8. SS

    The United States signs a free trade agreement with another country that has dramatically different resources. How would this trade treaty affect the United States? Businesses will most likely not offer a variety of products. Consumers will face higher

  9. Urgent Math

    The price of oil decreased from $54 per barrel to $50 per barrel. What is the percent decrease in oil prices?

  10. STATISTICS

    A random sample of stock prices per share (in dollars) is shown. Find the 90% confidence interval for the variance and standard deviation for the prices. Assume the variable is normally distributed.

  11. Microeconomics

    Suppose sharply lower coffee prices lead to a decrease in demand for tea. As tea prices decrease, tea producers experience short-run economic losses. If the tea industry is a price-taker industry and if sufficient time is allowed for the market to adjust

  12. college Macroeconomics

    Suppose that there is a temporary, but significant,increase in oil prices in an economy with an upward-sloping SRAS curve. If policy makers wish to prevent the equilibrium price level from changing in response to the oil price increase, should they

  13. social studies

    If the demand for a good service increases, how will prices affect supply? A. Rising prices will boost supply B. Falling prices will decrease supply C. Rising prices will decrease supply D. Falling prices will boost supply

  14. Social Studies

    How MIGHT a war with a country that is a member of OPEC impact citizens living around you? A) gas prices may increase due to a rise in price of crude oil C) the sale of foreign cars decreases due to an increase in tariffs D) the automobile industry suffers

  15. social studies

    What is a reason that market prices are not always the same as equilibrium prices? A) Market prices are often set by buyers rather than by sellers. B) Supply and demand are not well-understood by business owners. C) The equilibrium is not always the most

  16. Macroeconomics

    Durring the late 1970's prices quoted in terms of the Israeli currency, the shekel, rose so fast that the grocery stores listed their prices in terms of the U.S. dollar and provided customers with the dollar-shekel conversion tables that they updated

  17. managerial economics

    A golf-course operator must decide what greens fees (prices) to set on rounds of golf. Daily demand during the week is Pd = 36 –Qd/10 where Qd is the number of 18 hole rounds and Pd is the price per round. Daily demand on the weekend is Pw = 50 –

  18. S.S. Venezuela (check answers)

    When oil prices fell in the mid-1980s, Venezuela's economy 1. suffered a decline 2. enjoyed an increase 3. stayed about the same*** 4. began to show signs of recovery Most of Venezuela's population lives 1. in cities*** 2. in the countryside 3. on islands

  19. U.S.History

    not sure Western farmers wanted "free silver" because they felt it would a. stabilize interests b. increase crop prices c. depress crop prices d. decrease the amount of money in circulation

  20. SS

    In what major way did conflict in the Middle East affect the economy in the United States? A. Conflict in the Middle East caused a sharp drop in energy prices in the United States. B. Conflict in the Middle East disrupted U.S. exports to that region, an

  21. mathematics HELP PLZ

    lucas compared the prices of some books. he wrote down the prices of the books rounded to the nearest dollar as shown jiskha

  22. Economics

    A newspaper story on the effect of higher milk prices on the market for ice cream contained the following: "as a result (of the increase in milk prices), retail prices for ice cream are up 4 percent from last year... and ice cream consumption is down 3

  23. Managerial Economics

    HoneyBee Farms, a medium-size producer of honey, operates in a market that fits the competitive market definition relatively well. However, honey farmers are assisted by support prices above the price that would prevail in the absence of controls. The

  24. Social Studies

    Why was inflation a problem after World War II? A)Many people went into debt buying on credit without the income to pay in cash. B)Many men came home from the war without being able to get a job. C)Government controls ended,and prices of goods rose without

  25. Finance

    1. Use the monthly data (September 2013 - November 2014) provided on the closing prices for Gold (GLD), NASDAQ, Oil (USO) and Facebook (FB). Date GLD NASDAQ USO FB Sep-13 128 3771 37 50 Oct-13 128 3920 35 50 Nov-13 121 4060 33 47 Dec-13 116 4177 35 55

  26. social studies

    which is true of relative price? A. They are prices set by buyers and sellers. B. They describe prices in relation to each other. C. They tell where the supply of a good meets its demand.* D. They help avoid shortages and surpluses.

  27. Calc and Vectors

    A professional basketball team plays in a stadium that holds 23,000 spectators. With ticket prices at $60, the average attendance had been 18,000. When ticket prices were lowered to $55, the average attendance rose to 20,000. Based on this pattern, how

  28. Macroeconomics

    Suppose there is a temporary but significant increase in oil prices in an economy with an upward-sloping Short-Run Aggregate Supply (SRAS) curve. If policymakers wish to prevent the equilibrium price level from changing in response to the oil price

  29. macoreconomics

    Suppose there is a temporary but significant increase in oil prices in an economy with an upward-sloping Short-Run Aggregate Supply (SRAS) curve. If policymakers wish to prevent the equilibrium price level from changing in response to the oil price

  30. History

    Why was inflation a problem after World War 2? a.Many people went into debt buying on credit without the income to pay cash b. Many men came home from war without being able to get a job c. Government controls ended and prices of good rose without workers

  31. Micro Econ

    Which of the following situations will arise in the domestic market following the imposition of a tariff? imports decrease, domestic production increases, prices increase imports increase, domestic production increases, prices increase imports increase,

  32. Social studies

    how do markets keep producers from increasing price? Higher princes cause demand shifts Higher prices cause supply shifts Higher prices decrease quantity sold Higher prices decrease consumer demand

  33. Social Studies

    Which statement best describes the texas economy in the 1970s? Texas experienced a boom as a result of its diversified economy Texas experienced a boom when an OPEC embargo caused the cost of oil to increase Texas experienced a bust when the overproduction

  34. Macroeconomics

    Suppose that there is a temporary, but significant,increase in oil prices in an economy with an upward-sloping SRAS curve. If policy makers wish to prevent the equilibrium price level from changing in response to the oil price increase, should they

  35. Economics -- HELP!!!

    Recall the application about price controls and the candy bars. During World War II, the U.S. government imposed price controls to set maximum prices on all different products, including candy bars. How did the candy bar producers respond to maximum

  36. Comm/215

    Q: The hurricane destroyed some oil rigs. Fuel prices rose. How do I make one subordinate to the other. The hurricane destroyed some oil rigs, and fuel prices rose. Is this correct?

  37. Microeconomics

    The supply of meat in Russia increases, causing meat prices to fall. Lower prices always means that Russian households spend more on meat. There is something wrong with this sentence. What is wrong? The work ALWAYS should not abe in here. Just because

  38. math

    the difference between the prices of two bikes is $18.the sum of the prices is $258.how much does each bike cost?

  39. Micreconomics

    Using a supply and demand diagram, illustrate the impact of each of the following on price and quanity demanded: a. Improvements in transportation lower the cost of importing oil into the United States of the 1960. b. After the 1973 war, oil producers cut

  40. history

    What ways did business leaders in the late 1800s try to eliminate competion? They weren't called Robber Barons for nothing. Please check your book for the ways that these business leaders charged lower prices than their competitors, paid lower wages, and

  41. Finance

    Consider the following two, completely separate, economies. Te expected return and volatility of all stocks in both economies is the same. In the first economy, all stocks move together- in good times all prices rise together and in bad times they all fall

  42. Microeconomics

    "Strong prices traditionally cause industries to expand, eventually bringing an end to high prices and the prosperity of firms." Does this statement makes sense? Explain in words and graphs. I will be happy to critique your thinking on this.

  43. Economics

    In the late 1970s, oil prices were expected to increase dramatically once controls disappeared. Regulated prices were pegged as low as $6 per barrel, while global prices had climbed to almost $30. According to the Joint Committee on Taxation, lifting the

  44. MICROECONOMICS

    This is really long but i really need help!! THX In 1973, there was a war between some arab countries and Israel. Many western countries wanted to help Israel. Some arab oil exporting countries have reacted by cutting oil exports to those countries. Prices

  45. Economics

    In 1973, Members of the Oraganization of Oil-Exporting Countries (OPEC) reduced oild exports, which more than quadrupled oil prices. what effect did that have on less developed nations? a. Their development increase rapidly because if the profits they made

  46. Econ

    What effect do lifting of price controls have on inflation in the long run? I need some ideas... I think inflation will eventually be under control in the long run, but i don't know what factors will cause that. Good tough question. Take a shot. I would

  47. history

    How did the oil crisis in the 1970s illistrate the problem of economic interdependence? 1. all nations rely on oil and when nations with oil resources underwent political crises, production was halted and prices soared, creating economic shock waves. 2.

  48. college macroeconomics

    Suppose there is a temporary but significant increase in oil prices in an economy with an upward-sloping Short-Run Aggregate Supply (SRAS) curve. If policymakers wish to prevent the equilibrium price level from changing in response to the oil price

  49. Macroeconomics

    Can someone please help me with this? Since fall of 2004, rising oil prices have frequently ended stock market rallies and led to declines in all major stock indexes. Draw an AS/AD diagram which shows the effect on the US macroeconomy of oil at a high

  50. Mico Econ

    Which of the following situations will arise in the domestic market following the imposition of an import ban? Question 13 options: imports increase, domestic production increases, prices increase imports increase, domestic production decreases, prices

  51. history

    How did the crises in the 1970s illustrate the problem of economic interpendence? A. All nations rely on oil and when nations with oil resources underwent political crises production was halted and prices soared creating economic shock waves. B. The

  52. economics

    a key reason that our gasoline prices elevated rapidly from 2006 to 2008 was: A) tight global supplies and high prices B) war in the middle east C) greed by oil exporting countries D) inflation. d inflation?

  53. economics

    Question 1 1. In the market for oil, the (inverse) demand curve is P = 200 – Q. MR is 200 – 2Q. MC is 0.5Q + 50. (Prices are in price per barrel, and Q units are millions of barrels.) If OPEC controls production, how much should they release onto the

  54. history

    A monopoly exists when one business controls the sales of a service or commodity. In a capitalistic economy, monopolies are regulated by laws in order to 1)decrease the number of jobs available 2)discourage price wars among businesses 3)set prices at a

  55. US History: FDR

    "...nation's impulse to inflate had been the gold standard, under which inflating prices attracted imports, which were paid for in gold shipments, thus ... depressing prices, nipping the inflationary cycle in the bud." I don't get what this means.

  56. maths

    The ration of prices of two horses was 16:23.Two years later when the price of the first has risen by 10% and that of the second by rs.477, the ratio of their prices becomes 11:20. Find the original prices of the two horses.

  57. mgt

    You are a Board member and the CEO of a major oil company experiencing problems from the increase in oil prices. Your employees’ morale is down because their workload has increased because of layoffs to decrease the cost structure. Investors are angry

  58. Inflation

    What long term effect do lifting of price controls have on inflation? This is a debatable issue. What does your book say? What do you think? Will inflation increase in the short run but then eventually decrease because when prices are too high, nobody is

  59. economics

    In the market for oil, the (inverse) demand curve is P = 200 – Q. MR is 200 – 2Q. MC is 0.5Q + 50. (Prices are in price per barrel, and Q units are millions of barrels.) If OPEC controls production, how much should they release onto the market if they

  60. Microeconomics

    For each of the following situations for the egg market, describe what the impact on the equilibrium price and equilibrium quanity would be. 1-A sureon general warns that high-cholesterol foods cause heart attacks. - This would cause the price to drop and

  61. Economics

    2. Advertising can inform buyers, but sellers must incur costs to advertise. If so, advertising can result in higher prices to consumers. Does this mean advertising is economically inefficient? If not, explain how it can simultaneously create value and

  62. enocomics

    The following are to be answered: 1.How did the decline in home prices in 2006-2008 affect aggregate demand? 2.What's wrong with classical theory? Why didn't sales and employment increase in 1929- 1933, in respect to decline prices and wages? Due date:

  63. the american free enterprise system

    a market in no one controls the prices is called

  64. Economics

    “Prices contribute to the efficient production and distribution of goods and services by embodying vast amounts of knowledge not available to any individual… prices lead to social outcomes that take account of procedures’ costs and consumers’

  65. Economics

    1. Illustrate the following using demand and supply graphs. a) The market price of a basic digital cell phone fell due to increased production. b) In 2002, unusually bad weather caused a reduction in the cranberry harvest causing the prices to increase

  66. economic

    In a free market, which of the following is an accurate statement regarding price? A) Prices tend to increase. B) The price of a good or service helps to quantify its value to consumers. C) None of these statements are accurate. D) Sellers offer misleading

  67. Social Studies

    what is the usual relationship between oil prices and oil production?Select all that apply.

  68. microeconomics

    If the price of oil falls below $50 per barrel, then the supply of the goods and services whose poduction involves a lot of oil will increase. The incresase in supply will cause the prices for these goods and services to fall. True, False or Uncertain.

  69. Math

    A shopkeeper marked a prices of an article a certain percent above the cost prices and he allows 16 percent discount to make 5 percent profit if a customer paid 9492 with 13 percent vat to buy the article,by what percent is the marked prices above the cost

  70. Econ T/F

    If a consumer is in equilibrium and all prices and her income increase by 25%, she will consume less of those goods that she considers inferior. if false, explain why. Take a shot. What does your economic reasoning tell you? Hint. If all prices and income

  71. math

    I am having a difficult time calculating rates and unit prices. Can someone describe a simple process for using rates and unit prices that will help me understand these concepts? I searched Google under the key words "rates 'unit prices'" to get these

  72. help(math)

    Signs in a department store read, "75% off original prices when you take an extra extra 50% off already reduced prices." By what percent were original prices reduced before today's sale?

  73. Math

    Signs in a department store read, "75% off original prices when you take an extra extra 50% off already reduced prices." By what percent were original prices reduced before today's sale?

  74. Microeconomics

    Demand increases, causing prices to rise. Higher prices cause demand to fall. Therefore, prices fall back to their original level. This sentence is wrong. What is wrong with it? If demand increases, wouldn't it stay increased which will not cause the

  75. Texas History

    In 1983, oil prices in Texas fell from $34 to $10 per barrel causing oil firms to struggle to stay in business which ultimately led to many Texans losing their jobs. This period of great profits followed by a sharp decline is known as? A: Oil Embargo B:

  76. eco

    why is inflation so widely feared? During inflationary times, prices increase, but wages often don't go up as fast as prices. Check this site for more information. http://en.wikipedia.org/wiki/Inflation Inflation is a major disadvantage to certain groups.

  77. social civics

    Price supports help farmers by? A)Guaranteeing prices for their crops B)Guaranteeing prices will be a minimal amount for their crops C)Guaranteeing prices for corn and wheat,excluding other crops. I think its A. Thank you for your help!

  78. Math

    The difference between the prices of two bikes is $22. The sum of the prices is $328. How much does each bike cost?

  79. math

    Nia found the following prices for shorts:$25 $28 $19 $20 $18 $19 $32 $29.find th mean,median,and mode for the prices

  80. finance

    Two bonds A and B have the same yield to maturity. A prices at 90 while B prices at 110. Which one has the higher coupon?

  81. Civics

    Suppose the Federal Reserve raises interest rates. Which of the following predicts the most likely results? A. The money supply will decrease, meaning that banks will give fewer loans and prices for goods and services will fall. B. The money supply will

  82. Civics

    Suppose the Federal Reserve raises interest rates. Which of the following predicts the most likely results? A. The money supply will decrease, meaning that banks will give fewer loans and prices for goods and services will fall. B. The money supply will

  83. essay

    Ms Sue would you please read my essay and see what you think and feel free do change anything that you want.Here is my essay: What's the real reason why oil and gas prices keep going up? Is due to the less output of oil and gas by the Arab Country and oil

  84. Physics

    Your friend Josh tells you that he spends less on gas in the winter than in the summer. He also says that he has to fill up his tank less often in the winter. (a) Which of the following are possible hypotheses that can be formed from Josh’s

  85. Math

    The inflation rate in the united states in 2014 was about 1.3%. If prices go up by 1.3% per year, how long will it take for them to double? assume that prices are increasing continuously.

  86. Macroeconomics

    Cranberry productions in Mass totaled 1.8 million barrels in 2004, 28% increase from previous year's production. This year's crop avg 127.9 barrels per acre, an increase of over 30 barrels per acre from 2003 crop. But demand increased by even more than

  87. history

    In what major way did conflict in the Middle East affect the economy in the United States? A. Conflict in the Middle East caused a sharp drop in energy prices in the United States. B. Conflict in the Middle East disrupted U.S. exports to that region, an

  88. com 150

    i need help with a good thesis statement for gas and oil prices

  89. economics

    1. Use the following information to answer the questions below: Quantities Produced Prices CDs Tennis Racquets CDs Tennis Racquets Year 2004 100 200 20 110 Year 2005 120 210 22 120 a. Calculate real GDP using prices from 2004. By what percent did real GDP

  90. statistics

    A maker has the opportunity to purchase several acres of land that is divided up into several lots for building single-family homes. It is known that the average sale price of all of the lots is $80,000 and the standard deviation of the sale price is

  91. Business management class

    Typically, the quantity of products people are willing to buy will _______ when prices _______. A. increase; increase C. decrease; increase B. stay the same; increase D. increase; stay the same my answer is C

  92. History

    1. Which of the following is a requirement of all service sector occupations? A. expertise B. transportation*** C. haste D. enthusiasm 2. In 1983, oil prices in Texas fell from 34$ to 10$ per barrel causing oil firms to struggle to stay in business which

  93. US History

    What was so bad about pools in the late 1800's? I understand what they were but they were banned by the government in the Interstate Commerce Act and I don't understand why they were so harmful? How did they give more money to railroad companies? I'M SO

  94. Economics

    Could you please check this Directions: Match each item with the correct statement. Here are the words: supply elasticity law of supply price system technology price ceiling supply inelastic supply curve shortage market supply taxes 1. principle that

  95. university

    Market demand for wheat is relatively stable over time but market supply of wheat is very much influenced by the weather. For example, a natural drought decreases the supply of wheat and pushes up its prices while a bumper crop can severely depress wheat

  96. kashmir public school

    Market demand for wheat is relatively stable over time but market supply of wheat is very much influenced by the weather. For example, a natural drought decreases the supply of wheat and pushes up its prices while a bumper crop can severely depress wheat

  97. economics

    (A) “Market demand for wheat is relatively stable over time but market supply of wheat is very much influenced by the weather. For example, a natural drought decreases the supply of wheat and pushes up its prices while a bumper crop can severely depress

  98. chemistry

    Look at gold. It has an atomic number of 79. Adding 1 proton would make it have 80 protons and that element (from the periodic table) is mercury. Look up the prices of Au and Hg and compare. Frankly, I would rather have Au (a solid) than Hg, (a liquid).

  99. Social studies

    1. By how much did the price of oil decline from 1931-1932? 10% 19%** 50% 90% 2. what is the most basic feature of a boom and bust cycle? government regulation rapid price changes** steady production the development of a new product 3. What is one reason

  100. Math Growth Rate w/ inflation

    In a country where inflation is a concern, prices have risen by 50 % over a 3-year period. (a) By what percent B do the prices rise each year? Find the time t it takes for prices to rise by 8% Enter your answers to two decimal places. b = ____ % t =

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