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The catalyst for this price hike was the Yom Kippur War in which the West, and in particular the United States loaned their support to Israel in the form of supplies, funding and weapons. In response the OPEC nations resolved to up the price of oil and boycott the U.S and the West. There are a variety of reasons that contributed to this trend not continuing on through into the eighties

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How does corporate self-regulation serve the public interest?

self-regulation through codes of ethical conduct and establishing, reviewing, and maintaining product standards has become essential for maintaining fruitful customer/organizational interaction.


What caused the Federal Spending through 1928-1939 to increase?

The primary thing that caused federal spending in the United States to increase from 1928 through 1939 was a desire to get out of the Great Depression. Because many Americans had lost all their money, it was imperative that the government help restore the economy.


What is the single most important factor underlying the long run increase in average real wage rates in the US?

The single most important factor underlying the long-run increase in average real wage rates in the US is productivity growth. As workers become more productive through advancements in technology, better education, and improved processes, they can produce more goods and services in the same amount of time. This increase in productivity often leads to higher wages as businesses can afford to pay more while maintaining profitability, thus driving up the average real wage rates over time.


What was the economic system in which European rulers tried to increase their country's wealth through trade and increasing exports?

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What are two variants of cost-push inflation?

1. Wage Price Spiralis when workers receive a significant wage increase, which is passed to consumers through higher prices, which decreases SAS. if wages continue to increase, then the Reserve Bank should increase the supply of money to restore full employment equilibrium......

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