hello everyone im currently doing the unsw foundation studies which is an alternative for the hsc, i have this simple essay question for my assignment :
topic: rising world oil prices and their impact on an economy.
question: outline the main forces responsible for rising world oil/petrol prices in 2006. Discuss some of the economic effects of rising oil prices on the economy of one country. is there any possible effect?
please give me an outline in what to do and talk about as i am new to economics and i dont know much about this topic. thankx
topic: rising world oil prices and their impact on an economy.
question: outline the main forces responsible for rising world oil/petrol prices in 2006. Discuss some of the economic effects of rising oil prices on the economy of one country. is there any possible effect?
please give me an outline in what to do and talk about as i am new to economics and i dont know much about this topic. thankx