When summer hurricanes pass through the Gulf of Mexico and force oil drillers to evacuate their rigs,
A) the supply of oil increases, which therefore increases price.
B) the supply of oil increases, which therefore decreases price.
C) the supply of oil decreases, which therefore increases price.
D) the supply of oil decreases, which therefore decreases price.
C
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When we put a price tag on goods and services, we are using money as a
A) store of value. B) medium of exchange. C) barter token. D) unit of account. E) means of payment.
When Fed policy is being used to offset a contractionary gap, which of the following variables decreases as a result? a. Aggregate demand
b. Investment. c. Net Exports. d. None of the above variables decreases as a result of Fed policy to offset a contractionary gap..
The maximum contaminant level goals (MCLGs)
a. define the pollutant level at which no known or expected health effects arise, allowing for a margin of safety b. are enforceable standards c. are unrelated to the maximum contaminant levels (MCLs) d. all of the above
In a nation's balance of payments, which one of the following items is always recorded as a positive entry?
A. Changes in foreign currency reserves B. Purchases by foreign travelers visiting the country C. Imports of goods and services D. Military foreign aid supplied to allied nations