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Questioni) The Organization of the Petroleum Exporting Countries (OPEC) is an international cartel. Go to its website and answer the following questions in a 1200-1500 word double-spaced paper in APA format.Questionii) What are OPEC's objectives?Questioniii) How does it meet those objectives?Questioniv) What countries are members of OPEC?Questionv) What percentage of world oil production comes from these nations?Questionvi) In what way is OPEC a cartel?Questionvii) What significant oil-exporting countries are not members?Questionviii) What has OPEC done to limit the effect of nonmember production on its pricing decisions?Questionix) Should the US boycott OPEC for its pricing and output tactics? Why or why not?Questionx) Given that petroleum products are in limited supply, what do you recommend the US government should do to prepare for a shortage of gasoline? Describe your answer..Questionxi) List between 3-5 substitutes for gasoline.Questionxii) List between 3-5 complements of gasoline.Questionxiii) Why do you suppose alternative fuel sources have not been successfully adopted in major US cities? Justify your answer
On Friday, New York foreign currency market closed with a quote of $1.0900 per Euro. To stimulate economic activity the Federal Reserve hints that interest rates will be lowered by fifty basis points
Write a very brief introduction indicating why you chose this particular firm. Give a brief summary of the firm's history and type of business and industry it is in. Examine the firm's operations and forecast for the next 3 to 5
Out of all of the possible production points along a production possibilities curve, which one of those points does a nation select and why?
Consumer Products Corporation is a United States regional consumer products firm located in Phoenix, Arizona. The firm produces and distributes a small line of customer products to retailers in major western cities including Los Angeles,
Describe why the United States would subsidize short run cost of production for tobacco farmers in foreign nations. Do these practices guarantee the tobacco farmers a profit in short run?
Assume that following two programes take place in the market for Kuwait's currency, the dinar; The United States demand for oil, Kuwait's main export good,
Assume the exchange rate between United State, dollars and the Swiss franc was SFr1.6=$1, and the exchange rate between United State dollars and British pound was L1=$1.50.
Information covering the most recent thirty days are given in the following table for the value per gallon of regular gasoline at a local station.
Determine the role would technology play if there was a move to harmonization of accounting standards across countries? Explain your reasoning.
Describe the economic cost of most international trade less than economic benefit of that trade for both the firms and nations involved using trade and comparative advantage economic theories.
A bicycle produced in the U.S. costs $100. Using the exchange rates listed in Table 1, what would the bicycle cost in each of the following nations?
Research the international business activities controlled in one specific emerging market through a well known multinational firm or a multinational organization you know well.
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