Olives are used to produce olive oil. If the price of olives increases:
A. the demand for olive oil increases.
B. the demand for olive oil decreases.
C. the supply of olive oil increases.
D. the supply of olive oil decreases.
Answer: D
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A. $6,000. B. $14,400. C. $8,400. D. $2.
What effect do international norms have on states?
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The primary determinant of the level of consumption and saving in the economy is the:
a. Level of income b. Interest rate c. Level of prices d. Level of investment
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