Describe national security implications of the dependence

Assignment Help Business Economics

Reference no: EM131090405

a. Briefly describe the national security implications of the dependence on imported oil.

b. Politicians of both political Parties routinely discuss the concept of achieving energy independence. Describe the reasons why this is or is not a realistic goal.

c. State whether you believe the concept of “running out of oil” is significant as a matter of economics and what conclusions do you draw from the failure to find major new fields in the last thirty years.

d. How have changes in the price of oil impacted the US macro economy since the 1970s.

e. How has the elasticity of gasoline changed over time and what are the implications of this change.

Reference no: EM131090405

Questions Cloud

What would be banks'' options to come up with the cash : What would be banks' options to come up with the "cash"?

Discuss the principles of the law of one price : Discuss the principles of the “law of one price” and the conditions which must hold for the law of one price to hold. Discuss the economic reasons why the increase in North American production could have caused this price divergence to occur. Discuss..

Case study analysis-case-hospital debt : Complete a detailed case study analysis of the given case, using the process described in the following chapter of your course textbook Strategic Management of Health Care Organizations:

Describe the benefits of gasoline-diesel powered engines : Describe the benefits of gasoline/diesel powered engines compared to various alternatives. Discuss the costs of gasoline/diesel powered engines compared to the alternative. What are the estimates of the elasticity of the demand for gasoline in the sh..

Describe national security implications of the dependence : Briefly describe the national security implications of the dependence on imported oil. Politicians of both political Parties routinely discuss the concept of achieving energy independence. Describe the reasons why this is or is not a realistic goal.

Right demand shift result into increase in equilibrium price : The right demand shift results into an increase in equilibrium price. The price down of necessity goods results in increases of both demand and total revenue. The price down for long-run results in increases of both demand and total revenue.

Write a brief review of each of the four articles : Write a brief review of each of the four articles. That is, in your own words, summarize each article's main points. For the articles in social science journals you will focus primarily on the abstract, introduction, and conclusions/discussion.

Subsidies are scheduled to end in upcoming years : Many of these subsidies are scheduled to end in upcoming years. In what other ways might the PPACA be supported financially? Explain.

Important role in the economic meltdown : The residential real-estate market played an important role in the economic meltdown in 2008. What were the driving forces behind this collapse and do you think that this is something that meltdown has shown to authorities (Federal Reserve, Wall Stre..

User Account

All Pages