« previous next »

Author Question: OPEC is an example of a producer's cartel that is successful because of its ability to institute ... (Read 27 times)

Anajune7

  • Hero Member
  • *****
  • Posts: 574
on: Jul 7, 2018
OPEC is an example of a producer's cartel that is successful because of its ability to institute tariffs on oil exports.
 
  Indicate whether the statement is true or false

Question 2

Are commodity agreements effective? Why or why not?
 
  What will be an ideal response?
International Business ¦ Daniels, Radebaugh, Sullivan ¦ 16th Edition
Buy Test-Bank


ju

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jul 7, 2018
Answer to Question 1

This forum is amazing.

Answer to Question 2

Commodity agreements used to be influential in helping to stabilize commodity prices, but now they are more involved in disseminating information and promoting research. OPEC is an example of an effective producers' cartel that operates on quotas to try to stabilize prices. In general, very little can be done outside of market forces to influence price.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Spinnbarkeit is the ability of cervical mucus to stretch a distance before breaking. Spinnbarkeit is the ability of cervical mucus to stretch a distance before breaking.
Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe
Our species’ ability to form social bonds and be loyal and cooperative within our “tribe” may ... Our species’ ability to form social bonds and be loyal and cooperative within our “tribe” may ...
The ability to roll the tongue is one of several traits that represent the dominant allele. The ability to roll the tongue is one of several traits that represent the dominant allele.
A patient’s cognitive ability depends on his or her psychologic status, which is influenced by ... A patient’s cognitive ability depends on his or her psychologic status, which is influenced by ...
Producer acquiring energy and nutrients from the environment Producer acquiring energy and nutrients from the environment
Video: Humerus Adduction Animation

For a complete list of videos, visit our video library