If oil refiners expect the government to tax away any profits created by international supply disruptions, refiners will choose to
A) carry smaller inventories of crude petroleum.
B) leave the oil refining business.
C) prevent the price of crude petroleum from rising.
D) raise their prices to cover their added risks.
E) take a higher percentage of their profits as windfalls.
A
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A monopoly will always sell rather than rent its product
Indicate whether the statement is true or false
The Phillips Curve will shift because of:
A. expected inflation. B. normal inflation. C. hyperinflation. D. core inflation.
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A. U.S. exports tend to decrease. B. U.S. exports tend to increase. C. U.S. exports tend to be unaffected. D. Imports to the United States tend to decrease.