Although crude oil prices briefly fell below $55 per barrel in late 2006, they quickly rebounded and, throughout much of 2007, remained well above
A. $100 per barrel.
B. $125 per barrel.
C. $60 per barrel.
D. $80 per barrel.
Answer: A
You might also like to view...
If a firm sells its product in a monopolistic market, even though the firm operates in a perfectly competitive labor market, the firm will employ workers up to the point where
A) TR = TC. B) the MRP = the wage rate. C) the MRP = the marginal physical product of labor. D) the MRP = the output price.
Item weight is the
A. Percentage of total expenditure spent on a particular product. B. Measure of how much consumers demand a particular item. C. Significance placed on a particular item by the wealthiest households. D. Physical weight of a good or service.
Germany has a comparative advantage in the production of which product?
Environmental economics
a. is concerned mainly with the residual flow from economic activity back to nature b. focuses on the flow of resources from nature to economic activity c. recognizes that the flow of residuals back to nature is preventable d. none of the above