Question

Can someone help me with these questions?

Answer 1

1. When oil prices rise, costs for production and transportation rise, which decreases supply at a given price. If oil prices fall, production and transportation costs fall, so more can be produced at a given price. Demand then increases or decreases in response to the supply fluctuations.
2. One of the most significant and unintended outcomes of the ruling is the government’s pause on new oil and gas leases and permits to drill on federal lands and waters. Lease sales in states across the U.S. West, including Montana and Wyoming, are now delayed.
3. A looming oil price super cycle will likely be the last, writes Rabah Arezki of the African Development Bank and Per Magnus Nysveen of Rystad Energy.
4. Ever since iTunes was born, Microsoft tried to copy it. In 2004, it created MSN Music to compete, but the idea was short-lived. Two years later, Microsoft shut it down and launched the Zune service. The service wasn't only a music marketplace, because Microsoft brought a device into the equation: the Zune mp3 player.
5. Corn and wheat are substitute goods. If the price of corn falls, people will reduce the amount of wheat they are buying and, instead, buy more amount of corn. This means that the supply of wheat will decrease.
6. The federal government has long subsidized America's farmers, significantly affecting our food supply and what we eat.

Step-by-step explanation:

1. The oil and gas industry is one of the largest sectors in the world in terms of dollar value, generating an estimated $5 trillion in global revenue as of 2022.
2. We use petroleum products to propel vehicles, to heat buildings, and to produce electricity. In the industrial sector, the petrochemical industry uses petroleum as a raw material (a feedstock) to make products such as plastics, polyurethane, solvents, and hundreds of other intermediate and end-user goods.
3. They matter because actual inflation depends, in part, on what we expect it to be.
4. MP3 - a means of compressing a sound sequence into a very small file, to enable digital storage and transmission.
5. A new study shows including winter wheat once every 4 years in rotations with corn and soybean can have many benefits.
6. subsides - become less intense, violent, or severe.