During a major war between two oil producing nations, there would likely be
a. an increase in the price of oil because the supply of oil would decrease.
b. an increase in the price of oil because the supply of oil would increase.
c. a decrease in the price of oil because the supply of oil would decrease.
d. a decrease in the price of oil because the supply of oil would increase.
A
You might also like to view...
The existence of dual economies support the argument for _____
a. developing domestic exports b. reducing quotas on foreign goods c. a more active monetary policy d. the free movement of resources e. imposing trade restrictions
When the fishing economy mobilized for war preparedness by drafting young men and women, many draftees came from fishing jobs. Picture the market for fish, before and after the mobilization. What happens to the price and quantity of fish on the market after the draft went into effect?
a. Both fish prices and quantity increased. b. Fish prices increased and quantity remained unchanged. c. The draft had no effect on the fish market. d. Fish prices decreased and quantity increased. e. Fish prices increased and the quantity decreased.
When measured as a percentage of GDP, the U.S. national debt reached its highest levels as a result of:
a. World War II. b. the Vietnam War. c. the Bush economic recovery program. d. the Reagan defense buildup and tax cut.
Even-handed enforcement of contracts fuels economic prosperity because it
What will be an ideal response?