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Economics Assignment Global Trend and Market

   

Added on  2022-08-24

10 Pages346 Words177 Views
ECONOMICS ASSIGNMENT
GLOBAL TRADE AND MARKET

Introduction
Oil market determines the
powerhouse of world
economics.
GDP increases the income
and hence demand for oil
increases.
Russia and Saudi Arabia
are two different types of
oil producers.

Hypothesis
The null hypothesis
of the research is
Ho: GDP does not
influence the price of
oil set by different
countries
The alternative
hypothesis is
H1: GDP influence
the price of oil set by
different countries

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