Opec a cartel - Study guides, Class notes & Summaries

 This is a graded discussion: 100 points possible due Mar 15 at 8:59pm Module 9 Market Efficiency and Market Failures 29 74 Discussion Select & Explore Can you believe we are in our final summit session? This final summit revolves around the concept of elasticity of demand and its affect on consumers (you)! For this discussion, please investigate an industry market failure that has occurred within the last 10- years in the U.S. Identify t...

What is the Freedom of Information Act? - ANSWER allows press access to public documents What is the Offending effrontery in relation to journalists? - ANSWER has to do with obscenity The journalist may print what he wishes about others, but if that information is wrong and harmful to others' reputation, the writer must suffer the consequences. Such protection for subjects of stories comes under the auspices of which of the following acts? A. Freedom of Information B. Property Protect...

SOC 450 Knowledge Check Quiz 1 Question 1 (Correct) 10 out of 10 points 1. What happened as a result of the October War in 1973? OPEC was formed as an oil cartel in Austria. Russia increased its production of oil, averting an energy crisis. OPEC increased the price of its oil by about 400 percent. Ayatollah Khomeini led the Iranian revolution to increase its output of oil stocks. 10 points Question 2 (Correct) 10 out of 10 points 1. What 18th century social phi...

1. When we refer to ‘sustainable’ development, we mean: Economic development that replenishes itself and reinforces the needs of the present. Economies that are based on the free market exchange of goods and services. Economic development that meets current needs without compromising the ability of future generations to meet their own needs. Economic development in one country that sustains or reinforces the economic development in another country. 2. Which of the following...