At an equilibrium price for gasoline,
a. everyone with the desire and the income to buy gasoline at that price can do so.
b. surpluses are inevitable.
c. inherent market forces will eventually change the quantities demanded and supplied.
d. suppliers must be using the most efficient oil-drilling equipment available.
a
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Suppose a U.S. firm buys a one-year U.K. bond for 6,000 British pounds when 1 British pound is worth $1.50 on the foreign exchange market. What is the firm's approximate rate of return on the bond if the interest rate on the bond is 15 percent and the exchange rate is 1 British pound is worth $1.93 at maturity?
a. 11 percent b. 15 percent c. 25 percent d. 33 percent e. 48 percent
Gross domestic product for 2000 tries to measure the market value of all final goods and services produced in 2000 . But not everything produced in the economy gets onto the market
Indicate whether the statement is true or false
The derived demand curve for an input is the MPP curve.
Answer the following statement true (T) or false (F)
The basic data source to track the number of unemployed comes from a calculation of applications for new unemployment benefits.
Answer the following statement true (T) or false (F)