In the market for crude oil, everything held constant, if rate of interest of simple bank accounts or interest-bearing investments decline, then:
a. the consumption of crude oil declines in the present period.
b. the extraction of crude oil will increase today.
c. the price of the crude oil in the international market falls in the present period.
d. greater research and developments are conducted to locate new sites of crude oil in the present period.
e. the extraction of crude oil will fall in the present period.
e
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During the Civil War, inflation caused U.S. prices to rise by roughly:
a. 12 percent. b. 32 percent. c. 54 percent. d. 76 percent.
The rental rate approach to investment choices by firms and the present value approach
a. always agree. b. agree only if depreciation is 0. c. agree only if the price of equipment does not change. d. agree only when inflation rates are zero.
The identification of hazardous wastes under the Resource Conservation and Recovery Act (RCRA)
a. uses benefit-cost analysis for characteristic wastes b. uses a uniform approach to implement the identification criteria c. employs an index based on toxicity d. is based on risk-benefit analysis
Which of the following was not a cause of the Great Recession?
a. The relaxation of banking rules and regulations that permitted speculation. b.Government incentives to increase home ownership. c. Government encouragement of creative home-buying strategies. d. Relaxation of bank underwriting standards. e. All of the above were causes of the Great Recession.