The majority of proven world oil reserves are
A. under Alaska.
B. held by non-Persian Gulf OPEC members.
C. in the Persian Gulf region.
D. in the former Soviet Union.
Answer: C
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Use the following graph to answer the next question.
If AD1 shifts to AD2, then the equilibrium output increases from ________.
A. Q1 to Q2 while the price level rises from P1 to P2 B. Q1 to Q2 while the price level falls from P2 to P1 C. Q1 to Q3 while the price level rises from P1 to P2 D. Q1 to Q3 while the price level falls from P2 to P1
Refer to Table 19-17. What is nominal GDP in 2011?
A) $3,320 B) $3,690 C) $6,360 D) $7,035
Describe the technology transfer benefit of capital flows and the political power cost of large capital flows into low-income countries
What will be an ideal response?
Effective usury laws cause:
A. a surplus in the market for loanable funds. B. the quantity of loanable funds demanded to be brought into balance with the quantity supplied. C. the quantity of loanable funds demanded to exceed the quantity supplied. D. the quantity of loanable funds supplied to exceed the quantity demanded.