Paper Topic:

Business Law

ERY BRIEF ANSWERS NEEDED TO QUESTIONS BELOW / QUESTION 1

The effect on the United States ' economy was serious . While the Nikkei is an Asian market , world economies are interconnected with one another When the price of stocks fall in overseas markets a slump in the US economy follows this is because many in the United States have foreign investments and are subject to the ebbs and flows of the Nikkei . A positive turn in the world market would have a positive effect on the currency market of the seven leading nations (United States

, Japan Germany , Italy , United Kingdom , Germany , and France , although this is not an easy goal to achieve

QUESTION 2

The Strategic Petroleum Reserve is a storage reserve of oil held in reserve by the Dept . of Energy . It holes up to 727 million barrels of oil which is the equivalent of 33 days of US energy needs . These reserves are primarily stored in four different locations in the Gulf of Mexico . In case of an emergency , the oil from the reserves can be used This would drop the price of oil due to the infusion of supply , but when it runs out prices could skyrocket since the US would no longer have any reserves

QUESTION 3

Lehman Brothers ' failure had major ripple effects throughout the United States ' economy . Anyone that owned shares in Lehman Brothers took a proverbial bath ' as they lost their investments and value . If people lose their equity and investments , then they cannot contribute...

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