Which of the following will cause a movement along the supply curve for oil?
A) new technology to drill oil from existing oil wells
B) an increase in the price of oil
C) an increase in the number of oil producers
D) government tax on oil producers in Texas
Answer: B
You might also like to view...
Because audited financial statements are __________ to prepare, restrictive covenants rarely appear in loan contracts to companies with __________ than $1 million in assets
A) inexpensive; more B) inexpensive; less C) expensive; more D) expensive; less
The world's largest exporter and importer is
a. the United States b. Japan c. Germany d. Canada e. Hong Kong
U.S. GDP excludes the production of most illegal goods
a. True b. False Indicate whether the statement is true or false
Refer to the diagram pertaining to two nations and a specific product. Lines FC and GD are:
A. domestic supply curves for two countries.
B. domestic demand curves for two countries.
C. import demand curves for two countries.
D. export supply curves for two countries.