Discuss how each of the following events affects the number of hours the individual would like to work (increase/decrease/unclear/no change). For full credit, your answer must explain why things change using the terminology of labor supply theory. If the effect is theoretically ambiguous explain why. Depending on the question, you may need to discuss income effects, substitution effects, diminishing returns to income, diminishing returns to leisure and/or the labor/leisure tradeoff. (6 pts)
Shogher gets a raise so she makes $25 per hour instead of $20 per hour.
Todd inherits $1,000,000. His wage stays unchanged at $40 per hour.
Vinitha doesn’t work initially because the best wage offer she has received is $15 per hour and she values her leisure time more than that. One day, she gets a wage offer of $25.

Answers

Answer 1

Shogher's increase in wage would decrease the number of hours she wants to work. Todd's inheritance will not affect the number of hours he wants to work. Vinitha's wage is likely to increase the working hours.

Shogher's raise from $20 to $25 per hour increases her wage rate, leading to an income effect and a substitution effect. The income effect suggests that her increased wage provides her with a higher level of income, allowing her to afford more goods and leisure. This could potentially lead to a decrease in the number of hours she wants to work as she can now maintain the same level of utility with fewer working hours. The substitution effect suggests that the higher wage rate makes working relatively more attractive compared to leisure. However, the net effect depends on the relative strengths of the income and substitution effects. If the income effect dominates, Shogher may choose to work fewer hours.

Todd's inheritance of $1,000,000 does not directly affect his wage rate of $40 per hour. Since the inheritance is a one-time windfall and his wage remains unchanged, it is unlikely to have a substantial impact on the number of hours Todd wants to work. The income effect is minimal as there is no increase in his wage rate. Therefore, there is no clear reason to expect a significant change in Todd's desired number of working hours due to the inheritance.

Vinitha initially declines the wage offer of $15 per hour because she values her leisure time more than that. However, when she receives a wage offer of $25 per hour, it becomes more attractive in comparison to her leisure activities. This increase in wage provides both an income effect and a substitution effect. The income effect suggests that Vinitha now has a higher level of income and can afford more goods and leisure. This income effect could lead to an increase in the number of hours she wants to work as she can now achieve a higher level of utility with more income. Additionally, the substitution effect implies that the higher wage rate makes working relatively more desirable compared to leisure. Together, these effects suggest that Vinitha would likely choose to work more hours in response to the increased wage offer.

Learn more about wage here:

https://brainly.com/question/15431287

#SPJ11


Related Questions

what are the reasons that asian conglomerate business groups continue to grow and those in the united states

Answers

A group of legally distinct organizations, with their own governing board and shareholders, make up Asian conglomerates.

Who are a company's shareholders?

Any individual, organization, or company that owns at least a share of a firm's stocks, also known as equity, is referred to as a shareholder. These people or things, also referred to as stockholders, are a company's partial owners and have a right to a portion of its revenues.

What function do stockholders serve?

The corporation's owners are its shareholders. They are entitled to ownership of the company stock shares. However, the shareholder's position in the corporate is restricted because they are neither entitled to nor required to handle the day-to-day operations of the company.

To know more about shareholders visit:

https://brainly.com/question/29803660

#SPJ4

Why is Feeney called a hero/saint?

Answers

Answer:

In 1982, he decided he would commit to giving away his billions during his lifetime. He is broke now. Gave away and donated over $8million. His motto was "giving while living "

Explanation:

Enter account type (checking/savings): Enter amount to be deposited to open ac Enter interest rate (as a percent): .01 1: Enter 1 to add a new customer. 2: Enter 2 for an existing customer. 3: Enter 3 to print customers data. 9: Enter 9 to exst the program. 3 Account Holder Name: Dave Brown Account Type: checking Account Number: 1100 Balance: $10000.00 Interest Rate: 0.01% ∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗ 1: Enter 1 to add a new customer. 2: Enter 2 for an existing customer. 3: Enter 3 to print customers data. 9: Enter 9 to exit the program. 9 and write a program to illustrate how to use your class . Example output is shown below: 1: Enter 1 to add a new customer. 2: Enter 2 for an existing customer. 3: Enter 3 to print customers data. 9: Enter 9 to exit the program. 1 Enter customer's name: Dave Brown Enter account type (checking/savings): Enter amount to be deposited to open ac Enter interest rate (as a percent): .01 1: Enter 1 to add a new customer. 2: Enter 2 for an existing customer. 3: Enter 3 to print customers data. 9: Enter 9 to exit the program. 3 Account Holder Name: Dave Brown Account Type: checking Account Number: 1100 Define the class bankAccount to implement the basic properties of a bank account. An object of this class should store the following data: Account holder's name ( string ). account number (int), account type ( string , checking/saving), balance ( double ), and interest rate ( double ). (Store interest rate as a decimal number.) Add appropriate member functions to manipulate an object. Use a static member in the class to automatically assign account numbers. Also, declare an array of 10 components of type bankAccount to process up to 10 customers and write a program to illustrate how to use your class. Example output is shown below: 1: Enter 1 to add a new customer. 2: Enter 2 for an existing customer. 3: Enter 3 to print customers data. 9: Enter 9 to exit the program. 1

Answers

This code allows you to add new customers, access existing customers, and print customer data.

The `bankAccount` class in Python:

```python

class bankAccount:

   account_number = 1000  # Static member to automatically assign account numbers

   accounts = [None] * 10  # Array to store up to 10 customers

   

   def __init__(self, name, account_type, initial_deposit, interest_rate):

       self.name = name

       self.account_type = account_type

       self.balance = initial_deposit

       self.interest_rate = interest_rate

       self.account_number = bankAccount.account_number

       bankAccount.account_number += 1

       bankAccount.accounts[self.account_number - 1000] = self

   

   def deposit(self, amount):

       self.balance += amount

   

   def withdraw(self, amount):

       if self.balance >= amount:

           self.balance -= amount

       else:

           print("Insufficient funds!")

   

   def print_details(self):

       print("Account Holder Name:", self.name)

       print("Account Type:", self.account_type)

       print("Account Number:", self.account_number)

       print("Balance: $%.2f" % self.balance)

       print("Interest Rate: %.2f%%" % (self.interest_rate * 100))

# Program execution

while True:

   print("1: Enter 1 to add a new customer.")

   print("2: Enter 2 for an existing customer.")

   print("3: Enter 3 to print customer data.")

   print("9: Enter 9 to exit the program.")

   choice = int(input())

   

   if choice == 1:

       name = input("Enter customer's name: ")

       account_type = input("Enter account type (checking/savings): ")

       initial_deposit = float(input("Enter amount to be deposited to open account: "))

       interest_rate = float(input("Enter interest rate (as a percent): ")) / 100

       account = bankAccount(name, account_type, initial_deposit, interest_rate)

       print("Account created successfully.")

   

   elif choice == 2:

       account_number = int(input("Enter account number: "))

       if account_number in range(1000, 1010) and bankAccount.accounts[account_number - 1000] is not None:

           account = bankAccount.accounts[account_number - 1000]

           print("Existing customer found.")

       else:

           print("Invalid account number or customer not found.")

   

   elif choice == 3:

       if 'account' in locals():

           account.print_details()

       else:

           print("No customer data to display.")

   

   elif choice == 9:

       print("Exiting the program...")

       break

   

   else:

       print("Invalid choice. Please try again.")

```

This code allows you to add new customers, access existing customers, and print customer data.

The `bankAccount` class keeps track of the account details, assigns account numbers automatically, and stores up to 10 customers. The program uses a simple menu-driven approach to interact with the user.

Know more about Python:

https://brainly.com/question/30391554

#SPJ4

Equipment that cost $391,200 and has accumulated depreciation of $322,800 is exchanged for equipment with a fair value of $160,000 and $40,000 cash is received. the exchange lacked commercial substance.
a. calculate the gain to be recognized from the exchange.
b. prepare the entry for the exchange. show a check of the amount recorded for the new equipment.

Answers

The gain to be recognized from the exchange is $118,400.  and the check for the new equipment would be $160,000.

a. The gain to be recognized from the exchange is $118,400This is calculated by subtracting the fair value of the new equipment ($160,000) and the cash received ($40,000) from the carrying value of the old equipment ($391,200 - $322,800 = $68,400).

b. The entry for the exchange would include a debit to cash for $40,000 and a debit to gain on the exchange of assets for $118,400. There would also be a credit to the old equipment for $391,200 and a credit to the new equipment for $160,000. The check for the new equipment would be $160,000.

Learn more about asset:

https://brainly.com/question/27972503

#SPJ4

please help!!

doctors are likely to show traits of what two occupaitonal codes?

Answers

Answer:

Investigative and Realistic.

Explanation:

Which is the definition of competitiveness?

Responses

1. the ability to create an environment built on support and encouragement


2. steadfastness and commitment in achieving a goal


3. doing something that might result in loss to achieve business goals


4. the property of having a strong desire for success and achievement

Answers

2……………………………………………………….

company a has break-even sales of 90,000 units and budgeted sales of 99,000 units. what is the margin of safety as expressed as a percentage

Answers

The margin of safety as expressed as a percentage is 10%

Margin of safety refers to the difference between the actual or expected value of a particular variable and its minimum acceptable value. In financial investing, it is often used to describe the difference between the intrinsic value of a stock and its market price. The concept of margin of safety is used to mitigate the risk of investment loss by ensuring that there is a significant cushion or buffer between the price paid for an asset and its underlying value.

In other contexts, the margin of safety can refer to the amount of excess capacity or resources available in a system or process, such as in engineering or manufacturing, to account for unexpected or variable conditions. It can also refer to the level of safety or security measures implemented to protect against potential risks or hazards in various domains such as transportation, construction, or medical procedures.

Learn more about Margin of safety: brainly.com/question/23767403

#SPJ11

Total Costs (dollars)
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
Curve N
Curve M
Curve L
1,000 2,000 3,000 4,000
Quantity
What are the appropriate labels for Curves N and M in the nearby graph?
O Curve N is total cost and Curve M is total fixed cost.
O Curve N is total variable cost and Curve M is total cost.
O Curve N is total cost and Curve M is total variable cost.
Curve N is total variable cost and Curve M is total fixed cost.

Total Costs (dollars)8,0007,0006,0005,0004,0003,0002,0001,0000Curve NCurve MCurve L1,000 2,000 3,000

Answers

The appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.

Why is the curve as stated about?

Because a fixed cost is constant, this is not shown on the graph, however, the movement of the variable cost impacts directly on the total cost as well but it will be higher.

Hence, the appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.

Therefore, the Option C is correct.

Read more about total cost

brainly.com/question/5168855

#SPJ1

Smokers impose negative externalities on nonsmokers. Suppose the airspace in a restaurant is a resource owned by the
restaurant owner.
a. How would the owner respond to the negative externality caused by smokers?
b. Suppose smokers own the airspace. How would that change matters?
c. If the government gives ownership of the air to nonsmokers, would that change matters? Explain your answer.
d. What does a ban on smoking in the restaurant do?

Answers

a. They wouldn’t allow smoking in the building because it would inflict on other customers in the building.
b. If the owners were smokers, they would allow others to smoke or smoke themselves since it is their property.
c. Yes it would because everyone has to listen to the government. They can file fines or other consequences to those who smoke under their ownership which will cause a decrease in smoking.
d. This allows pedestrians to not be harmed by the smoke caused by other smokers. This allows them to enjoy their time in the restaurant freely without worrying what’s getting into their lungs.

QUESTION 16 According to the perspective of shareholder capitalism, shareholders in public stock companies a:have unlimited financial liability, Ob.have significant decision-making power. O have the most legitimate claim on profits. d. are restricted from buying shares of two competing companies

Answers

According to the perspective of shareholder capitalism, shareholders in public stock companies have the most legitimate claim on profits.

This means that they are considered the primary stakeholders who are entitled to receive a portion of the company's profits in the form of dividends or capital gains. Shareholders are typically considered the owners of the company and, as a result, have the right to share in its financial success.

While shareholders may have decision-making power through voting rights, the extent of their influence can vary depending on factors such as the company's corporate governance structure and the concentration of ownership. Shareholders are generally not restricted from buying shares of competing companies, as long as it does

Learn more about Capitalism. here -: brainly.com/question/25879591

#SPJ11

why might it be difficult to measure success using market share?

Answers

Answer: Certified answer

Explanation: Measuring success using market share may be difficult for several reasons. One reason is that market share does not take into account the profitability of a business. A company may have a high market share but still have low profitability due to high costs or low margins. On the other hand, a company with a low market share may be highly profitable due to low costs and high margins.

Another reason why market share may not be a reliable measure of success is that it does not consider the size of the market itself. A company may have a high market share in a small market but still have lower revenues and profits than a company with a smaller market share in a larger market.

Moreover, market share may not account for other important factors such as customer satisfaction, brand reputation, and innovation. A company with a high market share may be losing customers due to poor customer service or a negative brand reputation, which could lead to a decline in future sales.

Finally, market share can be affected by external factors such as changes in the market or economic conditions, which can make it difficult to maintain or increase market share even if a company is performing well in other areas.

Therefore, while market share can be a useful indicator of a company's competitive position, it should not be the only measure used to assess success.

Answer:

Measuring success using market share can be difficult for several reasons:

Market growth: Even if a company's market share remains the same or increases, it does not necessarily mean the company is successful. This is because the overall market might be growing, and other companies may be gaining market share at a faster rate. So, even though a company's market share might increase, its actual sales and revenue might be decreasing.

Market saturation: In mature markets, it may be challenging for a company to increase its market share significantly. This is because the market is already saturated, and there is limited room for growth. In this case, measuring success based solely on market share may not be an accurate representation of a company's success.

Fragmented markets: In fragmented markets with many small competitors, market share might not be an accurate measure of success. This is because a company's market share might be small, but it could still be profitable and successful.

Different market segments: A company might have a large market share in one segment of the market but be relatively insignificant in another segment. In this case, measuring success based on overall market share might not provide an accurate picture of the company's success in specific segments.

Price competition: A company might increase its market share by lowering prices, but this strategy might not be sustainable in the long term. In this case, measuring success based on market share might not be an accurate reflection of the company's profitability or overall success.

Therefore, while market share is an essential metric for companies, it should not be the sole measure of success. Other factors such as profitability, customer satisfaction, and brand reputation should also be taken into account when measuring success.

Why is internal control over cash important? Check all that apply.
- the elevated risk of theft
- the high volume of cash transactions
- the inherent lack of segregation of duties
- the infeasibility of document procedures

Answers

Except for option C. All that apply Internal controls must be in place to protect these assets and ensure that only authorized individuals have access to them.

What is Internal Control?

Internal control is a procedure implemented by a company's board of directors, management, and other staff members and intended to give reasonable assurance that the information is trustworthy, accurate, and timely. of adherence to relevant laws, rules, contracts, policies, and procedures.

Thus, Internal control is crucial when it comes to cash because it is susceptible to theft or loss. Because of the enormous volume of cash transactions, there is always always a very high risk of theft, which is prevented by the separation of roles and the impossibility of document procedures.

Learn more about Internal Control here:

https://brainly.com/question/13678245

#SPJ1

Sophia used the Consumer Reports website to research an economical choice for a new washer and dryer for her apartment, and she trusted the information because the website was not affiliated with the sellers of these products. This is an example of which type of information source in the purchase decision process

Answers

The public source of information is used in the purchase decision process by Sophia.

What is a public source of information?

A public source of information refers to a source of information of a non-confidential nature that are publicly available for all.

The public source of information are access through:

internet search means.information service subscription.materials created and sent to members of the public.

In conclusion, the public source of information is used in the purchase decision process by Sophia.

Read more about public source

brainly.com/question/25797467

If you want to compare two different investments, what should you calculate? A. The compound interest B. The ROI percentages C. The ROI dollar amounts D. The capital gain Please select the best answer from the choices provided A B C D

Answers

Answer: B. The ROI percentages

Explanation: Making comparison between investments in terms of returns will involve calculating the ROI as a percentage. The ROI refers to the return on an investment which is the ratio of the net profit made from an investment and the cost of the investment. That is ;

ROI = (Net profit / cost of investment) × 100

Investment with greater or higher return on investment (ROI) is usually regarded as the best investment between alternatives. For instance two investments, A and B with ROI of 5% and 10% respectively. Investment B has a higher ROI than A and thus considered has the better investment decision.

Answer:

BBBBBBBBBBBBB

ROI percentages

Explanation:

did the test

what type of a job do you qualify to do if you are doing these streams at school : business studies , economics , tourism, mathematical literacy , English , life orientation and home language

Answers

Answer:

Explanation:

Having a background in business studies, economics, tourism, mathematical literacy, English, life orientation, and a home language can prepare you for various types of jobs in different industries. Here are a few examples of career paths that you may be interested in:

Business and finance: With a background in business studies, economics, and mathematical literacy, you may be interested in pursuing a career in business and finance. This could include roles such as financial analyst, accountant, investment banker, or management consultant.

Tourism and hospitality: Your background in tourism may be useful in pursuing a career in the tourism and hospitality industry. This could include jobs such as hotel manager, tour guide, event planner, or travel agent.

Communications and media: Your proficiency in English may be valuable in careers related to communications and media. This could include jobs such as journalist, public relations specialist, copywriter, or content marketer.

Social services: With a background in life orientation, you may be interested in pursuing a career in social services. This could include roles such as social worker, community health worker, or counselor.

These are just a few examples, and your career path will depend on your individual interests, skills, and values. It is important to research different careers and industries, gain relevant experience through internships or volunteering, and network with professionals in fields that interest you.

aaron plans to invest $20,000 at the end of year 1, $44,000 at the end of year 2, and $53,000 at the end of year 3. you want to have the same amount of money as aaron three years from now, but you want to make one lump sum investment today. what amount must you invest today if you both earn 9.7 percent per year, compounded annually? multiple choice $88,627 $94,942 $106,655 $154,456 $151,047

Answers

To calculate the lump sum investment amount you need to make today to have the same amount as Aaron after three years, we can use the concept of present value.

The present value formula is:
PV = FV / (1 + r)^n
Where:
PV is the present value (the amount you need to invest today)
FV is the future value (the total amount Aaron will have after three years)
r is the interest rate per period (9.7% per year)
n is the number of periods (three years)
We need to calculate the future value (FV) of Aaron's investments. Using the formula for future value of a series of investments:
FV = 20,000 * (1 + 0.097)^2 + 44,000 * (1 + 0.097)^1 + 53,000FV ≈ 20,000 * 1.194 + 44,000 * 1.097 + 53,000
FV ≈ 23,880 + 48,268 + 53,000
FV ≈ 125,148Now, we can calculate the present value (PV) using the formula:
PV = 125,148 / (1 + 0.097)^3PV ≈ 125,148 / (1.097)^3
PV ≈ 125,148 / 1.294
PV ≈ 96,725
Therefore, the amount you must invest today to have the same amount as Aaron after three years is approximately $96,725.Out of the given options, none of them match the calculated amount exactly.

To know more about investments, click here https://brainly.com/question/22530069


#SPJ11

In practice, a common way to value a share of stock when a company pays dividends is to value the dividends over the next five years or so, then find the "terminal" stock price using a benchmark PE ratio. Suppose a company just paid a dividend of $1.32. The dividends are expected to grow at 17 percent over the next five years. The company has a payout ratio of 35 percent and a benchmark PE of 20. The required return is 11 percent. a. What is the target stock price in five years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b.What is the stock price today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) $ a. Target price in five years b. Stock price today 2.12 $ 59.75

Answers

a. Target price in five years is given by the value of $2.12

b. Stock price today after necessary calculations is given as: $59.75

How to solve

To calculate the target price in five years, we can use the following formula:

Target price = Dividend * (1 + Growth rate)^n / (Required return - Growth rate)

where:

Dividend = $1.32

Growth rate = 17%

n = 5 years

Required return = 11%

Plugging in these values, we get the following target price:

Target price = $1.32 * (1 + 0.17)^5 / (0.11 - 0.17) = $2.12

To calculate the stock price today, we can use the following formula:

Stock price = Target price * (1 + Terminal growth rate)^t / (Required return - Terminal growth rate)

where:

Target price = $2.12

Terminal growth rate = 3%

t = 5 years

Required return = 11%

Plugging in these values, we get the following stock price:

Stock price = $2.12 * (1 + 0.03)^5 / (0.11 - 0.03) = $59.75

Read more about Target price here:

https://brainly.com/question/29860785

#SPJ4

provide a defination of GAAP​

Answers

Answer:

Showing results for provide a definition of GAAP

Search instead for provide a defination of GAAP

मराठी मध्ये शोधा

gaap व्याख्या प्रदान

Search Results

Featured snippet from the web

Generally accepted accounting principles, or GAAP, are a set of rules that encompass the details, complexities, and legalities of business and corporate accounting. The Financial Accounting Standards Board (FASB) uses GAAP as the foundation for its comprehensive set of approved accounting methods and practices.

Generally accepted accounting principles (GAAP) refer to a common set of accounting principles, standards, and procedures issued by the Financial Accounting Standards Board (FASB). Public companies in the United States must follow GAAP when their accountants compile their financial statements.

Martine developed a filing system to keep track of potential and current customers. Which qualification has she demonstrated?

critical thinking
problem solving
organization
computer skills

Answers

Organization

Explanation: she developed the filing system which is a way of organizing the costumers that come in.

I hope this helped! ^^

Answer:

C. Organization

Explanation:

:)

Question 10 (5 points)

Two prescreening tools for job candidates are the resume and the


employment essay.

advertisement.

application.

letter of recommendation.

Answers

The correct answer is C. Application

Explanation:

When employers pre-screen job candidates they verify basic information about candidates such as background, education, skills, experience, etc. to determine if a candidate is suitable for a job and he/she should be interviewed or continue in the process of selection for the job.

In this context, the two main tools used by employers are the resume and the job application. These two documents provide information about the candidate's education, experience, skill, and similar but in the case of the application the information es concise and very specific, while resumes are more detailed and the candidate can include as much information as she/he wants. Thus, the two prescreening tools for job candidates are the resume and the application.

Answer: Application

Explanation: I just took the test

Hope this helps.

Feb 1 balance 450, 14 sales 1,200, Feb 8 drawings 150, 24 wages 990. Calculate the balance on 28 february. Record the balance to carry down on the side with the smaller total value. Record totals on the debit and credit sides of the account. Complete the double - entry by recording the balance brought down dated 1 March​

Answers

Answer:

hi

Explanation: ajsd;lfjas;dfj;lad;leajl;jf;lwjf;welfj;wlejflwejflkwjlfkj;lajlkfjsdlkfjlsdkjf;llsadjfjdf;lklasjflkasdjf;lkajsf;lkjasddfjsdlfkja;lkjflkaskdjdf;ksdjdflksdjfljklkasddfjklsdfjkldsfjdfklsjjdsfakasjl;k

Donald is a business development executive in a big retail company based in Omaha. His company now wants to expand and has sent Donald as their representative. Donald is also authorized to deal and negotiate with different vendors directly and in his own capacity. What role is Donaldplaying as per the contract law?

Donald is a business development executive in a big retail company based in Omaha. His company now wants

Answers

Answer:

C. Agent

Explanation:

Agent Law- the agent deals with third parties on behalf of the company in a contract and the company defines the control an agent can exert

define critical success factors (csfs) and key performance indicators (kpis), and explain how managers use them to measure the success of mis projects.

Answers

Critical success factors (CSFs) are the key elements that are required for a company to achieve its objectives and strategic goals. These factors are considered critical because they have a significant impact on the success of the company.

Managers use CSFs and KPIs to measure the success of MIS projects in several ways. First, they use CSFs to identify the most important areas of the project that need to be focused on in order to achieve success. This helps managers to allocate resources and prioritize tasks effectively.

Next, managers use KPIs to measure the progress of the project towards achieving the CSFs. This allows them to track the performance of the project and make adjustments as needed. Additionally, managers use KPIs to evaluate the success of the project after it has been completed. This helps them to determine if the project was successful in achieving its CSFs and to identify areas for improvement in future projects.

In conclusion, critical success factors (CSFs) and key performance indicators (KPIs) are important tools that managers use to measure the success of MIS projects. CSFs help managers to identify the key elements that are required for success, while KPIs help managers to track the progress of the project towards achieving the CSFs.

For more about critical success factors:

https://brainly.com/question/30583077

#SPJ11

During the 1970s, oil prices increased dramatically and caused:

Answers

During the 1970s, oil prices increased dramatically, causing economic and political impacts worldwide development  . This is due to several factors, including the OPEC oil embargo, the decrease in oil supply, and the significant increase in global demand.

The Organization of Petroleum Exporting Countries (OPEC) imposed an oil embargo in 1973 as a response to western support of Israel during the Arab-Israeli conflict. This embargo restricted oil exports to countries supporting Israel, including the United States and Western Europe. This oil embargo caused oil prices to increase by 400%, which had a severe impact on Western economies as they were highly dependent on imported oil.Furthermore, the decrease in oil supply during the 1970s was caused by the decline of oil production in the United States and other countries, which were the world's leading oil producers at the time. These decreases in supply further exacerbated the impact of the embargo. As oil prices skyrocketed, businesses and consumers faced higher costs and lower purchasing power.The oil crisis also had significant political impacts. As Western economies faced an energy crisis, they began to seek alternatives to their oil dependency. They turned to new technologies such as nuclear energy and renewable resources such as wind and solar. Additionally, OPEC countries used their newfound wealth to leverage political power and influence events in the Middle East and globally.In conclusion, the oil crisis of the 1970s had far-reaching and long-lasting impacts on the global economy and politics. Its effects were felt for years to come as countries sought to reduce their reliance on oil and establish new energy policies.

To know more about development visit:

https://brainly.com/question/28011228

#SPJ11

A stores new environmental policy (PLS HELP ASAP)

is to charge customers and extra 5% if they bag groceries with throwaway paper

or plastic bags due to the environmental impact of those items.



This policy is not practical because…


This policy is not fair because…


Calculating the savings due using canvas

bags Does or does not influence my response because…

Answers

The policy is not practical because it is not enforceable. Lots of shops or businesses will not practice this as it will scare customers away.

Why is the policy not fair?

The policy is not fair because throw away paper is recyclable while plastic bags are not. Hence people who use paper should not be charged as much as those who use plastic bags, if at all.

What is the saving due if a person brings their own container to bag their groceries?

They most likely wills save 5% on every purchase made.

Why are environmental policies important?

The goal of environmental law is to safeguard the

land, air, water, and soil.

Infractions of these rules result in a variety of penalties, including fines, community service, and, in severe circumstances, jail time.

Without environmental regulations, the government would be unable to penalize people who harm the environment.

Learn more about environmental policies:

https://brainly.com/question/3316812

#SPJ1

A women sells a bead bracelet she made. She sold it to her sister.

Answers

Answer:

Is that the question????

Explanation:

If your asking a question a can you put the whole question.

Something that's sold has been exchanged for money. When new neighbors buy the house across the street, you'll see a sign appear in its front yard that says "Sold."

What is the meaning of Money?

Money is a good that is widely acknowledged as a means of economic exchange. It serves as the medium for expressing values and pricing. It is the primary indicator of wealth since it moves from individual to individual and from country to country, allowing trade.

Any tangible object or verifiable record that's also commonly accepted as payment for products and services as well as the repayment of debts, including such taxes, in a specific nation or socioeconomic setting is referred to as money.

Money is a centralized, widely used, acknowledged form of exchange that makes it easier to exchange goods and services. In an economy, money serves as a medium of trade for a variety of products and services. Governments and nations have different monetary systems.

Learn more about the Money here:

https://brainly.com/question/22984856

#SPJ2

How do you round to the nearest whole percent?


( here’s the question I need to round for )


What percentage of total expenses is spent on housing?
( round to the nearest whole percent)


A 20%

B 21%

C 22%

D 24%


~Please help ASAP~

How do you round to the nearest whole percent? ( heres the question I need to round for )What percentage

Answers

Answer:

Dont worry about me, I just added this answer so the other person can get their brainliest  because they definetly deserve it

Consider two alternative water resource projects, A and B. Project A will cost $2,533,000 and will return $1,000,000 at the end of 5 years and $4,000,000 at the end of 10 years. Project B will cost $4,000,000 and will return $2,000,000 at the end of 5 and 15 years, and another $3,000,000 at the end of 10 years. Project A has a life of 10 years, and B has a life of 15 years. Assuming an interest rate of 0. 1 (10%) per year:

Assuming that each of these projects would be replaced with a similar project having

the same time stream of costs and returns, show that by extending each series of projects to a common terminal year (e. G. , 30 years), the annual net benefits of each series of projects would be will be same as found in part (b)

Answers

The annual net benefits of each series of projects can be calculated by subtracting the cost from the revenue for each year and then dividing the total net benefits by the number of years.

What is revenue ?

Revenue is the income generated by a company through the sale of goods and services. It is the total amount of money a business earns from its activities within a given period of time, typically one year. Revenue is one of the most important metrics for measuring the performance of a business, and it can be used to evaluate the overall financial health of a company.

Project A:

Year | Cost | Revenue

---- | ---- | -------

0 | 2533000 | 0

5 | 0 | 1000000

10 | 0 | 4000000

15 | 0 | 0

20 | 0 | 0

25 | 0 | 0

30 | 0 | 0

Project B:

Year | Cost | Revenue

---- | ---- | -------

0 | 4000000 | 0

5 | 0 | 2000000

10 | 0 | 3000000

15 | 0 | 0

20 | 0 | 0

25 | 0 | 0

30 | 0 | 0

For Project A:

Net Benefits = (1000000 + 4000000) - 2533000 = 14,467,000

Annual Net Benefits = 14,467,000 / 10 = 1,446,700

For Project B:

Net Benefits = (2000000 + 3000000) - 4000000 = 5,000,000

Annual Net Benefits = 5,

To learn more about revenue

https://brainly.com/question/28434326

#SPJ1

Both the production and selling and administrative expense budgets are prepared using information directly from the:.

Answers

Answer:

Both the production and selling and administrative expense budgets are prepared using information directly from the: Sales Budget

Our country's armed forces are an example of the role of government called _____. an entrepreneurship a source of public good one that reallocates income a supervisory body

Answers

i think it’s a public good
Other Questions
I neeed helpppppppp The preschooler stage begins at age four and continues to what age? five six seven eight Tracy is designing a desk decoration which is part of asphere 8 cm in diameter.The decoration is 7 cm high.The diagram shows a cross-section of the decoration.The equation of the circle is x + y = 16a Write down the equation of the base.b Solve these simultaneous equations and find the diameter of the base. Which has greater kinetic energy, a car going 30 mph or one going 40 mph energy? PLEASE HELP HOWEVER ANSWERS FIRST AND CORRECT WILL BE MARKED BRAUNLIST AND BOTH WILL RECEIVE 7 POINTS!!!!! All of the following are characteristics of a dictatorship EXCEPT: A. people who protest are often met with force B. the leader is not held accountable to anyone C. elections are usually rigged to ensure party victory D. citizens can replace the leader if he or she does not meet the citizens' needs ILL GIVE YOU BRAINLIEST PLEASE ANSWER Whotube, the whos who of online video sites, has offered to pay for a free trip to its headquarters for anyone who has posted an original viral video. To qualify as viral, a video must be viewed by at least one million people within two hours of being posted, not including the initial post.Taylor, a self-proclaimed mathemagician, posts a video of a dancing log (one with rhythm) to Whotube at 10 p.m. Three arborists, devoted to their profession, immediately watch the video. Enamored with such a cutting edge clip, they each share it with three other tree trimming friends every five minutes, each of whom views and shares the video with three more friends every five minutes, and so on. They continue sharing the video this way until 10:20, at which point they all get distracted by a video of a campfire and immediately stop viewing and sharing.Over the next four minutes, thirty fellow mathemagicians discover and view the video. This incredible phenomenon continues at a constant rate of thirty views by mathemagicians every four minutes until 11:32 p.m. at which point almost all of the mathemagicians in the world have viewed the video.Then, the real magic happens when Kimmy Schmallon mentions it on the Late Night Show. Once it is mentioned on the Late Night Show at 11:32 p.m., the current number of views doubles every three minutes. This continues until the end of the show at 1 a.m.Will Taylor get invited to Whotube headquarters? Use multiple representations to justify your conclusion. Bradley wants to carpet his hallway. The hallway is 4 feet wide and 10 feet long. How much carpeting does he need? What is the connection between the events of the text and the text's title "all summer in a day"? 50674136.0 round to the nearest hundreds PLS HELP I WILL REALY BE HAPPY IF YOU HELPED A window is being replaced with tinted glass. The plan below shows the design of the window. Each unit length represents 1 foot. The glass costs $13 per square foot. How much will it cost to replace the glass? Use 3.14 for anybody can help me? a biologist examines two species of plants and finds the patterns in the chart above. the effect by a species is the extent to which any individual of that species lowers the per capita growth rate of a given species. the effect on a species is how much the per capita growth rate of a species is affected by a given species. thus, every individual of species a would lower the growth rate of species b by 0.003. based on these observations, should species a and b be able to coexist? What to reply when someone say I should tell him something he wouldnt know about me Double knon facts to find each product 5x8 A magazine costs $3 and a book cost $7 if you want to spend exactly $45 on reading this month and you need to buy eight magazines how many books can you buy write an equation in standard form modeling the situation then see how many books you can buy let em represent the number of magazines you buy and B represents the number of books you buy. Evaluate President GW Bush's presidency by discussing the positives and negatives of both his foreign and domestic policies during his 8 years in office. If Chris is on trial and does not want to testify in court, which amendment protects her from testifying? the Fourth Amendment the Fifth Amendment the Sixth Amendment the Eighth Amendment DC bisects ACB.urgent help needed 6. Significant mass extinctions occurred during which of the following epochs?O A. Triassic, Permian, and CretaceousB. Triassic, Permian, Cretaceous, Pleistocene, Ordovician, and DevonianO C. Pleistocene, Ordovician, and TriassicD. Ordovician, Triassic, Jurassic, Silurian, Eocene, and Oligocene