How oil price fluctuations can affect industries in canada

Assignment Help Microeconomics
Reference no: EM132844521

Question: If you recall we faced fluctuations in oil prices all around the world during the pandemic; an international unprecedented downfall during the first 5 months of 2020 followed by more normalized prices after the first lockdowns were over. Lots of industries have been affected and supply chains have been altered consequently. Analyze and try to explain how oil price fluctuations can affect industries in Canada in 2021 and the post Covid-19 era as an environmental force and explain your response within the context of transportation industry bringing three major reasons to support your answer.

Reference no: EM132844521

Questions Cloud

Find probability for sampling distribution : The mean room and board expense per year at a four-year college are $7540.You randomly selected 9 four-year colleges. What is the probability
How would common stock appear on a common size balance sheet : Given the following data for the Pina Colada Corp.: Current liabilities $590. How would common stock appear on a common size balance sheet
How should Suzanne address this error : On May 22 Lila contacts Suzanne to tell her that some of this order arrived damaged, How should Suzanne address this error
Explain the role of objectives in strategic management : Explain the role of objectives in strategic management. What are the desirable characteristics of objectives in order to be effective?
How oil price fluctuations can affect industries in canada : If you recall we faced fluctuations in oil prices all around the world during the pandemic; an international unprecedented downfall during the first 5 months.
Find percentage of women having ectopic pregnancies : If 32 percent of women of childbearing age are smokers, what percentage of women having ectopic pregnancies are smokers?
Calculate the net profit margin : Calculate the net profit margin (percentage) and gross profit margin (percentage). Briefly explain the meaning of these two measures
Explain system specific policy : Explain System Specific Policy (SysSP) in detail with examples.
How marginal analysis leads to better pricing decisions : Describe how marginal analysis, by avoiding sunk costs, leads to better pricing decisions. Explain the importance of opportunity costs to decision-making.

Reviews

Write a Review

Microeconomics Questions & Answers

  What is the federal funds market

What is the federal funds market? How does it help banks strike a balance between liquidity and profitability? Why has the Federal Reserve chosen to focus.

  How might gap take advantage of economies

Gap Will Focus on Smaller-Scale Stores Gap has too many stores that are 12,500 square feet. The target store size is 6,000 square feet to 10,000 square feet.

  Find the nash bargaining solution for this situation

Suppose a union and an employer start to negotiate on January 1, 1998 over wages to be paid for the year 1998. There will be 50 paid weeks in the year, Find the Nash bargaining solution for this situation

  How much oil is supplied by the competitive fringe

The world willingness to pay for oil is given by P = 200 - Q, with P in dollars per barrel and Q in thousands of barrels per month, and OPEC is planning its strategy to set the world oil price. The competitive fringe of small firms takes the price OP..

  Utility approach and indifference curve yield

Prove that utility approach and indifference curve yield the same consumer equilibrium

  What must be true about the price elasticity of demand

According to the author of the article: "For this publisher, that means less revenue and less profit as some buyers reject the more expensive books." Does the fact that some buyers will no longer buy the publisher's books at a higher price necess..

  Do you believe there must be more or fewer attempt to

to assist the sale of your products in a particular foreign market you are advised to pay a 10 percent commission to

  Inflation and unemployment

Inflation and unemployment-Suppose that, in an attempt to combat severe unemployment, the government decides to increase the amount of money in circulation in the economy.

  Does this time series appear to be stationary

Look at the plot of the logarithm of GDP for Japan in given Figure. Does this time series appear to be stationary? Explain. Suppose that you calculated the first difference of this series. Would it appear to be stationary? Explain.

  How responsive do you think consumers will be

How responsive do you think consumers will be to the price change when these fluctuations occur due to changes in supply? Why? Use the various determinants.

  How is interest rate that prevails in bond market determined

Why has M2 grown more quickly than M1 in recent decades? How is the interest rate that prevails in the bond market determined? How can a global savings glut affect the United States?

  Write down the difference between real and nominal gdp does

what is the difference between real and nominal gdp? does gdp accurately reflect the nations welfare? why or why not?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd