Recall the Application about rising oil prices and their effect on the U.S. economy to answer the following question(s).According to the Application, which of the following explains why the U.S. imports for oil has substantially decreased since 2005?
A. increased production through new technologies
B. more alternative energy sources
C. better fuel consumption in automobiles
D. All of these are correct.
Answer: D
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One factor contributing to the rapid growth of the commercial paper market since 1970 is
A) the fact that commercial paper has no default risk. B) improved information technology making it easier to screen credit risks. C) government regulation. D) FDIC insurance for commercial paper.
A central bank commitment to a ________ rule for monetary growth can be conveyed by maintaining a ________ exchange rate
A) rigid, fixed B) rigid, flexible C) flexible, fixed D) non-inflationary, flexible
If a firm enjoys producer surplus in perfectly competitive Market A of $1000 and would enjoy producer surplus in perfectly competitive Market B of $1200, the firm would consider moving to Market B if
A) fixed costs are greater than $100 in Market A. B) fixed costs are less than $200 in Market B. C) fixed costs are less than $300 but greater than $200 in Market B. D) fixed costs in Market B are less than the fixed costs in Market A plus $200.
We will run out of renewable resources if we
a. do not ration them b. consume them faster than nonrenewable resources c. extract them faster than we consume them d. consume them faster than they regenerate e. continue to use them at any rate