A senator leaves office and takes a position as a lobbyist for the farming industry. this is an example of the revolving door phenomenon in politics.
The revolving door phenomenon in politics, where people alternate between employment with the government and positions in the private sector like lobbying, consulting, or advocacy. In this situation, the senator's decision to leave office and work as a lobbyist for the agricultural sector raises the possibility of a conflict of interest because they might use their connections and influence in politics to advance the interests of their new employer.
Concerns about the possibility of corruption and unethical behavior have been raised by this contentious practice.
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Suppose a retailer's annual inventory turns is 7.4 (Round your answer to 1 decimal place.) What is its days-of-supply of inventory? (Assume 365 days per year.) _____ days
The retailer's days-of-supply of inventory is 49.3 days.
The days-of-supply of inventory is a measure of how long it takes for a retailer to sell its entire inventory. It is calculated by dividing the number of days in a year (365) by the inventory turnover ratio. The inventory turnover ratio is the number of times a retailer sells and replaces its inventory over a given period, usually a year.
In this case, the retailer's inventory turnover ratio is 7.4, which means it sells and replaces its inventory 7.4 times per year. To calculate the days-of-supply of inventory, we divide 365 by 7.4, which equals 49.3 days. This means that, on average, the retailer's inventory sits on the shelves for about 49 days before being sold and replaced.
Days-of-supply of inventory is an important metric for retailers because it helps them manage their inventory levels and avoid stockouts or overstocking. A high days-of-supply of inventory can indicate that a retailer is carrying too much inventory, while a low days-of-supply of inventory can indicate that a retailer is not stocking enough inventory to meet demand.
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You must evaluate the purchase of a proposed spectrometer for the R&D department.The purchase price of the spectrometer including modifications is $100,000, and the equipment will be fully depreciated at the time of purchase The equipment would be sold after 3 years for $39,000.The equipment would require a $6,000 increase in net operating working capital (spare parts inventory).The project would have no effect on revenues, but it should save the firm $20,000 per year in before-tax labor costs. The firm's marginal federal-plus-state tax rate is 25%. answer as a positive value. Round your answer to the nearest dollar $ b.What are the project's annual cash flows in Years 1, 2, and 3? Do not round intermediate calculations.Round your answers to the nearest dollar. Year 1: $ Year 2: $ Year 3:$ c.If the WACC is 12%,should the spectrometer be purchased? -Select-
The calculation of annual cash flows of project is given below:Year Annual Cash Flows0(100,000)1(6,000) + 20,000 (1 - 0.25)2(6,000) + 20,000 (1 - 0.25)3(6,000) + 20,000 (1 - 0.25) + 39,000.
By putting the values in the above formula, the calculation will be:Year Annual Cash Flows0-$100,0001$13,5002$13,5003$41,250 b.If the WACC is 12%,should the spectrometer be purchased?Given:WACC= 12%.
To calculate the NPV of the project, the formula is used as follows:NCF1/ (1+ WACC)^1 + NCF2/ (1+ WACC)^2 + NCF3/ (1+ WACC)^3 + Terminal value/ (1+ WACC)^3 - Initial outlay.Where,NCF1= 13,500NCF2= 13,500NCF3= 41,250.
Terminal value = $39,000 / (1 + 12%)^3 = $27,284.88Initial outlay = -$100,000NPV = 13,500/ (1+0.12)^1 + 13,500/ (1+0.12)^2 + 41,250/ (1+0.12)^3 + 27,284.88/ (1+0.12)^3 - 100,000 NPV =$8,854.85 As the NPV is greater than 0, so the spectrometer should be purchased.
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Which statement about the Federal Reserve (the Fed) is true?
O Unless a person works there, the Fed has little impact on everyday life.
O The Fed determines the criteria banks must use to evaluate loan requests.
O The Fed sets monetary policy, which affects the interest rates banks offer.
O Because it is independent, the Fed reviews and approves the national budget.
A statement that is true on the Federal Reserve is that C. The Fed sets monetary policy, which affects the interest rates banks offer.
What does the Federal Reserve do ?The American central bank is known as the Federal Reserve System (FRS). It is conceivably the most potent financial organization in the entire globe and is sometimes referred to as "the Fed." It was established to give the nation a secure, adaptable, and stable financial and monetary system.
Its primary duties include controlling the money supply, establishing interest rates, and overseeing the financial system. In times of economic crisis, it also serves as a lender of last resort, as was shown during the financial crisis of 2008.
These powers of the Federal Reserve mean that it is the one which sets the monetary policy of the United States. This monetary policy will then affect the interest rates on loans, offered by banks.
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Why is a brand important to a business?
The marginal revenue curve for a monopolist is greater than the price because the monopolist faces a downward sloping demand curve for its product.Group startsTrue or False
It is a false statement that the marginal revenue curve for a monopolist is greater than the price because the monopolist faces a downward sloping.
Why is it a false statement?The situation is that the marginal revenue curve for a monopolist are always less than the price.
This is because for each additional unit of output the marginal revenue is declining its results from the downward sloping market demand curve.
Therefore, the statement given is a false statement.
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The formula for applying overhead to a specific job is ______.
The formula for applying overhead to a specific job is predetermined overhead rate × amount of allocation base incurred by job. Thus, option (d) is correct.
The estimated manufacturing overhead is divided by the estimated allocation base to arrive at the predetermined overhead rate. The work's overhead can be calculated once the specified overhead rate is established by multiplying it by the amount of allocation base incurred by the job.
Another formula for applied overhead involves dividing the number of hours worked or pieces of equipment used by the overhead allocation rate.
Therefore, option (d) is correct.
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Your question is incomplete, but most probably the full question was.
The formula for applying overhead to a specific job is ______.
Estimated manufacturing overhead ÷ amount of allocation base incurred by job
Estimated manufacturing overhead ÷ estimated allocation base
Estimated manufacturing overhead × amount of allocation base incurred by job
Predetermined overhead rate × amount of allocation base incurred by job.
How
does Shoprite Holdings apply CSR?
make a recommendation
Shoprite Holdings is one of the largest retailers on the African continent, with over 140,000 employees and more than 2,800 stores in 15 countries.
The company has made a significant contribution to the development of the African continent through its corporate social responsibility (CSR) initiatives.Shoprite Holdings applies CSR in various ways, including providing support to the communities in which it operates, minimizing its environmental impact, and promoting the well-being of its employees. For example, the company has been involved in various community development projects, such as building schools and health clinics, supporting local farmers, and providing disaster relief support. The company has also implemented various measures to minimize its environmental impact, such as reducing energy consumption and implementing waste reduction programs. Shoprite Holdings also prioritizes the well-being of its employees by offering training and development opportunities, providing a safe and healthy work environment, and ensuring fair compensation and benefits packages.
Shoprite Holdings has implemented a comprehensive CSR strategy that encompasses various initiatives aimed at contributing to the development of the African continent. The company has demonstrated a strong commitment to supporting the communities in which it operates, minimizing its environmental impact, and promoting the well-being of its employees. Shoprite Holdings has been involved in various community development projects, such as building schools and health clinics, supporting local farmers, and providing disaster relief support. The company has also implemented various measures to minimize its environmental impact, such as reducing energy consumption and implementing waste reduction programs.
Shoprite Holdings has prioritized the well-being of its employees by offering training and development opportunities, providing a safe and healthy work environment, and ensuring fair compensation and benefits packages.In conclusion, Shoprite Holdings has demonstrated a strong commitment to CSR and has made a significant contribution to the development of the African continent. The company's initiatives have had a positive impact on the communities in which it operates, and its efforts to minimize its environmental impact and promote the well-being of its employees are commendable. However, there is still room for improvement, and the company could consider expanding its CSR initiatives to include areas such as diversity and inclusion and ethical sourcing.
Overall, I would recommend that Shoprite Holdings continue to prioritize CSR and explore opportunities to expand its initiatives further. The company could benefit from implementing more transparent reporting mechanisms to ensure that stakeholders are aware of its efforts and progress. Additionally, the company could consider collaborating with other organizations to leverage its impact and achieve greater results.
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Globalization includes all of the following except
O an integrated global economy
O free flow of capital
O free trade
O limits on global expansion
Answer:
d. limits on global expansion
Explanation:
;p
Answer:
limits on global expansion
Explanation:
got it right on edge 2023 business law!!
What are three important of trade agreements?
Free trade agreements provide chances for both large and small Australian firms to profit from increased trade and investment, which in turn boosts economic activity & job creation in Australia.
What are the 3 trade agreements?Regional trade agreements include the European Union (EU), Asia-Pacific Economic Cooperation, Central American Free Trade Agreement (CAFTA-DR), and North American Free Trade Agreement (NAFTA) (APEC).
Free trade agreements (FTAs) enable manufacturers and exporters in the United States increase their access to international markets. Trade obstacles are removed via bilateral and international agreements, tariffs are lowered or eliminated, and economic progress is encouraged. Through trade, countries may expand their markets and receive goods and services that would otherwise not be available locally.
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What are two goals for a firm that implements an effective crm program?.
The two major goals for a firm that implements an effective CRM program are;
To capture new leads and move them through the sales process.To boost productivity and lower the overall costs of marketing and sales.An effective CRM program;The overall business goals of CRM systems are to help organizations by means of the following;
1. Capture new leads and move them through the sales process2. Support and manage relationships with current customers to maximize their lifetime value to the company 3. Boost productivity and lower the overall costs of sales and marketing.Read more on CRM program;
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If you do really well on a test, you credit your preparation, but if you do poorly, you blame the noise in the classroom. this is an example of which attribution error?
If you perform exceptionally well on a test, you attribute it to your preparation; if you perform poorly, you attribute it to the commotion in the classroom. This is an illustration of an attribution error caused by a self-serving bias.
Self-Serving Bias: The self-serving bias occurs when we attribute positive outcomes to our own acts or character while attributing adverse outcomes to external factors unrelated to our character. Self-serving prejudice has long captured the attention of scholars everywhere.
Attribution Error: The basic attribution fallacy or error is the tendency for someone to attribute another person's behavior to their personality or character while attributing their own to external circumstances they have no control over.
If you do really well on a test, you credit your preparation, but if you do poorly, you blame the noise in the classroom. This is an example of a Self-Serving Bias as an attribution error.
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paid $29,000 cash and signed a $235,000 five-year note to purchase a small office building and land. an appraisal indicated that the building and land contributed equally to the total price.
The individual purchased an office building and land by paying $29,000 cash and signing a $235,000 five-year note. The appraisal suggested that both the land and building contributed equally to the total price.
The individual paid $29,000 cash and signed a $235,000 five-year note to purchase an office building and land. The total purchase price was $264,000. The appraisal indicated that the value of the land and building contributed equally to the total purchase price. This means that the land and the building were each valued at $132,000.
It is common practice to allocate the purchase price between land and building to determine the cost basis for tax purposes. In this case, the allocation would be $132,000 for the building and $132,000 for the land. The cost basis would be used to calculate depreciation and gain or loss on the sale of the property. The individual would also need to consider the interest expense associated with the $235,000 note and any other expenses associated with owning and operating the property.
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Cost leaders are usually organized around products/markets/innovation rather than roles (i.e. accounting, operations, etc.) Group of answer choices. True. False.
The given statement "Cost leaders are usually organized around products/markets/innovation rather than roles (i.e. accounting, operations, etc.)" is True.
What is cost leadership?
Cost leadership is a strategy used by businesses to generate economies of scale in manufacturing and thereby lower production costs. This reduces the company's overall cost structure and increases its profit margin. Cost leadership, as a strategy, is especially beneficial to businesses operating in the manufacturing industry.
Cost leaders tend to organize themselves around products, markets, and innovation to achieve their cost leadership goals. They organize their production processes to ensure that they can provide high-quality goods and services at a low cost. Cost leaders maintain their prices at a low level, which attracts more customers and, as a result, increases their market share. Cost leaders are well-positioned to take advantage of economies of scale because they have a low cost structure. They can benefit from increased volumes by making the same product over and over again, reducing production costs.
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What are the levels of buying decisions for business purchases?.
Answer:
Below:
Explanation:
The five stages of the business buying-decision process are awareness, specification, requests for proposals, evaluation and, finally, placing the order.
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It's Muska... :)
A direct mailer falls under the category of sales, not marketing.
True
False
Answer:
False.
Explanation:
A direct mailer can be defined as a form of marketing which involves the use of a mail service such as a courier or postal service to physically deliver a piece of promotional product or material to a target audience such as home or business. Some examples of a direct mailer are catalogs, postcards, solicitation letters, flyers, coupons, brochures etc.
Hence, a direct mailer falls under the category of marketing, not sales.
Explain how the U.S. economic system differs from the economic system in Cuba.
31)Private property and competition between businesses are common in
economies that are
(Help me plss)
A)socialist
B)communist
C)capitalist
Answer:
C)capitalist
Explanation:
Market economies and mixed economies can be described as capitalist economies. In capitalist economies, private individuals and firms own the factors of production or capital goods. The private sector produces goods and services consumed in the economy. The motive for producing the goods is the private sector's self-interest or profits.
The free enterprise market is the purest form of a capitalist economy. Capitalist economies contrast with socialists economies where ownership of capital goods is in the government's hands.
Self-insurance means:
Question 4 options:
A. Insuring your voice.
B. Buying health insurance.
C. Assuming your own financial risk for some of your property.
D. Buying extra insurance from your insurance company.
Answer:
assuming your own financial risk for some of your property
Answer:
Assuming your own financial risk for some of your property
Team - To begin the discussions this week, research, find, and read journals or other articles about HRIS and how it has changed human resource administration practices in the workplace. Discuss and present the key information that you found in your articles.
Team - The implementation of Human Resource Information Systems (HRIS) has greatly transformed human resource administration practices in the workplace. HRIS refers to the integration of information technology and HR processes to streamline and automate various HR functions.
Some key information that can be found in articles about HRIS and its impact on HR administration include:
1. Improved Data Management: HRIS enables the efficient collection, storage, and retrieval of employee data. This allows HR professionals to easily access and analyze information related to recruitment, performance, training, and benefits. By having accurate and up-to-date data readily available, HR can make informed decisions and develop effective strategies.
2. Streamlined Processes: HRIS automates manual processes, such as employee onboarding, payroll management, and performance evaluations. This reduces paperwork, eliminates redundancies, and saves time for HR staff. For example, online self-service portals allow employees to update their personal information, request time off, and access HR policies, resulting in increased employee satisfaction and engagement.
3. Enhanced Reporting and Analytics: HRIS provides robust reporting and analytics capabilities, allowing HR professionals to generate real-time insights and metrics. They can track key HR indicators, such as employee turnover, training needs, and diversity statistics, to identify trends and make data-driven decisions. This promotes strategic workforce planning and helps align HR initiatives with organizational goals.
4. Compliance and Security: HRIS helps ensure compliance with labor laws and data protection regulations. It facilitates the accurate calculation of wages, tax deductions, and benefits, reducing the risk of errors and legal issues. Additionally, HRIS systems have advanced security measures to protect sensitive employee data, mitigating the risk of unauthorized access or data breaches.
In conclusion, the implementation of HRIS has revolutionized HR administration practices by improving data management, streamlining processes, enabling better reporting and analytics, and ensuring compliance and security. This technological advancement has significantly enhanced HR efficiency and effectiveness in the workplace.
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Sam had 12 teddy bear in his store.He sold 2/3 of them at $120 each.How much money did he revive?
Answer:
Samantha has 8 quarts of milk. The ratio of quarts to gallons is 4:1. How many gallons of milk does Samantha have? x a. 1 over 32 x b. begin mathsize 16px style 1 half end style x c. 2 x d. 32
Explanation:
Answer:
$960
Explanation:
If he sold 2/3 of his total inventory, that means he sold in total \(\frac{2}{3}*(12) = 8\) bears.
Each bear is $120 so in total he revived $120*8 = $960
On his marvel company team, sam wilson is "the motivator. " he’s always encouraging his teammates to work harder and try to perform better. Which of belbin’s team roles is sam enacting?.
Sam Wilson's Marvel Corporation team refers to him as "the motivator" since he consistently encourages his coworkers to put in more effort. Belbin team members play "shapers" duties. Sam is enacting.
What is Belbin's theory of team roles?The three action-oriented roles are shaper, implementer, and finisher; the three people-oriented roles are coordinator, teamworker, and resource investigator; and the three cerebral roles are plant, monitor, and evaluator. According to Belbin's theory, a team role is "a tendency to behave, contribute, and interrelate with others in a particular way."As our experience, functional position, and working environment evolve over time, so can our team roles.Although a total switch of duties is unusual, you can notice that team roles change your profile up or down.To learn more about Belbin's theory refer,
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When you plan a presentation, how should you make sure you stay on track as you talk?
A. Make a list of general topics and points you want to cover.
B. Write out every word of the presentation on notecards.
C. Memorize every word of the presentation in your head.
D. Have the audience tell you what else you need to talk about.
Answer:
A make a list
Explanation:
Answer:
It's A. Make a list of general topics and points you want to cover.
Explanation: hope it helps ^w^
Several years ago, Jeff purchased stock for $5,125. Last month he sold the stock for
$7,411. What was his gross capital gain?
If Several years ago, Jeff purchased stock for $5,125. Last month he sold the stock for $7,411. His gross capital gain is: $2,286.
Gross capital gainIn order to determine the gross capital gain since we were told that he purchased stock for the amount of $5,125 in which last month he sold the stock for the amount of $7,411 we have to deduct the current stock selling price form the stock purchase price by making use of this formula to determine the gross capital gain.
Gross capital gain = Current stock selling price - Stock purchase price
Where:
Current stock selling price = $7,411
Stock purchase price = $5,125
Let plug in the formula so as to find the gross capital gain
Gross capital gain = $7,411 - $5,125
Gross capital gain =$2,286
Therefore If Several years ago, Jeff purchased stock for $5,125. Last month he sold the stock for $7,411. His gross capital gain is: $2,286.
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On July 1, 2020, Ivanhoe Co. pays $13,860 to Shamrock Insurance Co. for a 3-year insurance policy. Both companies have fiscal years ending December 31. For Ivanhoe Co., journalize the entry on July 1 and the adjusting entry on December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)
Account Titles and Explanation Debit Credit Date
On July 1, 2020, Ivanhoe Co. would record the payment of $13,860 to Shamrock Insurance Co. as follows: Debit Prepaid Insurance $13,860 and Credit Cash $13,860.
On December 31, 2020, Ivanhoe Co. would make an adjusting entry to recognize the portion of the insurance that has expired. They would Debit Insurance Expense $4,620 and Credit Prepaid Insurance $4,620.
On July 1, 2020, Ivanhoe Co. paid $13,860 to Shamrock Insurance Co. for a 3-year insurance policy. The journal entry for this transaction would involve debiting the Prepaid Insurance account and crediting the Cash account with $13,860. This initial entry reflects the exchange of cash for the prepaid insurance policy.
On December 31, Ivanhoe Co. needs to make an adjusting entry to recognize the portion of the insurance policy that has been used up or expired. Since the policy covers a period of 3 years, the adjustment should be made at the end of each fiscal year. To record this adjustment, the Prepaid Insurance account is debited and the Insurance Expense account is credited with the portion of the policy that has been used or expired during the current fiscal year.
In summary, the initial journal entry on July 1 involves debiting Prepaid Insurance and crediting Cash, reflecting the payment for a 3-year insurance policy. The adjusting entry on December 31 involves debiting Prepaid Insurance and crediting Insurance Expense, recognizing the portion of the policy that has been used or expired during the fiscal year. These entries ensure the proper recognition of the insurance expense over the period covered by the policy.
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Jace ordered a banner in the shape of a parallelogram from a print shop. A parallelogram is shown. The length of the sides are 9 feet, and the length of the top and bottom sides are 12 feet. A diagonal is drawn from one point to the opposite side. The length of the diagonal is 19 feet. Heron’s formula: Area = StartRoot s (s minus a) (s minus b) (s minus c) EndRoot The print shop charges $1. 10 per square foot for banners of any shape and size. What is the approximate cost of the banner before tax? $41. 95 $46. 14 $83. 90 $92. 30.
The approximate cost of the banner before tax is $46.14 (option B).
Jace ordered a banner in the shape of a parallelogram from a print shop. The length of the sides are 9 feet, and the length of the top and bottom sides are 12 feet. A diagonal is drawn from one point to the opposite side. The length of the diagonal is 19 feet.
The formula that gives the area of the parallelogram is A = bh, where b is the length of one of the sides and h is the height of the parallelogram.
To calculate the height of the parallelogram, we need to use the Pythagorean theorem.
Let a be the length of the diagonal and c and d the two equal sides of the parallelogram.
Then, by the Pythagorean theorem,
c² = a² - d²
c² = 19² - 9²
c² = 361 - 81
c² = 280
c = √280
= 2√70 feet
Therefore, the height of the parallelogram is h = 2√70.
The area of the parallelogram is A = bh
= 12(2√70)
= 24√70 sq.ft.
Using Heron's formula, the semi-perimeter is s = (9 + 9 + 12)/2 = 15.
The area of the triangle is Area = √(s(s - a)(s - b)(s - c))
Area = √(15(15 - 9)(15 - 9)(15 - 12))
= √972
≈ 31.128 sq.ft.
The total cost of the banner is approximately $1.10 × 24√70 + $1.10 × 31.128
= $46.14.
Therefore, the approximate cost of the banner before tax is $46.14 (option B).
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In a purchases-payables computer system, a purchase order is created after which document has been processed?
how can we build up strong analytical skill discuss
Answer:
hope help you
Explanation:
Here are several ways you can improve your analytical skills:
Read more. An important part of being analytical involves being alert and remaining stimulated. ...
Build your mathematical skills. ...
Play brain games. ...
Learn something new. ...
Be more observant. ...
Join a debate club. ...
Take an exercise class. ...
Keep a journal.
which theoretical models views public relations as a system of managing relationships among organizations, individuals, and their many publics?
Two-way symmetrical model views public relations as a system of managing relationships among organizations, individuals, and their many publics.
What is public relations?Public relations is the management and distribution of information from individuals or organizations to the public to influence their perception. Public Relations are different in that PR is managed internally whereas Public Relations is not managed and contributed by external parties.PR specialists build and maintain a positive image for companies and organizations. They create media, from press releases to social media messages, that shape public opinion about companies and organizations and increase brand awareness.Public Relations can: Be proactive. For example, share positive news to raise awareness of your company. Reactions – such as responding to events that may adversely affect a company's reputation.To learn more about public relations from the given link :
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Candy is trying to decide between two job offers. The compensation package for job A includes a $300-per-month health insurance plan, to which Candy would contribute $95; a $40-per-month life insurance plan; a salary of $65,000 per year; and a 5% match on 401(k) contributions. The compensation package for job B includes a $400-per-month health insurance plan, to which Candy would contribute $105; a $50-per-month life insurance plan; a salary of $64,000 per year; and a 9% match on 401(k) contributions. Candy plans to contribute $8000 per year to her 401(k) plan.
Part 1. What is the yearly value of the health insurance benefit from job A? How about the yearly value of the health insurance benefit from job B?
Part 2. What is the yearly value of the life insurance benefit from job A? How about the yearly value of the life insurance benefit from job B?
Part 3. What is the yearly value of the 401(k) match from job A? How about the yearly value of the 401(k) match from job B?
Answer:
Part 1. Monthly health insurance benefit for job A is $205
Yearly health insurance benefit for job A is $2,460
Monthly health insurance benefit for job B is $295
Yearly health insurance benefit for job B is $3,540
Part 2. The yearly value of the life insurance policy for job A is $480
The yearly value of the life insurance policy for job B is $600
Part 3. The yearly value of the 401 (k) match from job A is $3, 250
The yearly value of the 401 (k) match from job B is $5, 760
Explanation:
Part 1. The health insurance benefit per month for job A = $300 - $95 = $205
The annual health insurance benefit = $205×12 = $2,460
The health insurance benefit per month for job B = $400 - $105 = $295
The annual health insurance benefit = $295×12 = $3,540
Part 2. The monthly life insurance plan for job A = $40
The yearly value of the life insurance policy for job A = $40 × 12 = $480
The monthly life insurance plan for job B = $50
The yearly value of the life insurance policy for job B = $50 × 12 = $600
Part 3. The yearly value of the 401 (k) match from job A = 0.05 × $65,000 = $3, 250
The yearly value of the 401 (k) match from job B = 0.09 × $65,000 = $5, 760
Question 15 When fall of oil-price is not necessarily a good-news for economy? If the price falls due to a decrease in demand because of economic recession when price falls because of increase of oil
Reduced fuel costs translate into cheaper travel and airline tickets. The manufacturing industry benefits from decreased oil costs since many industrial chemicals are processed from oil.
Drops in oil prices were mainly seen favorably prior to the rebound in American oil production since they made it more affordable to import oil and decreased expenses for the industrial and transportation industries. The consumer might benefit from this cost decrease.
Consumer spending might be further stimulated by having more disposable money. However, as American oil output has expanded, low oil prices might harm American oil corporations and have an impact on local oil sector jobs.
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Probably the full question is:
How fall in costs of oil prices will affect the economy?