After World War II, the United States produced about ______ percent of the world's oil, much of which we exported.
A. 40
B. 50
C. 60
D. 70
C. 60
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Explain why the European Union's current combination of rapid capital migration with limited labor migration may actually raise the cost of adjusting to product market shocks without exchange rate change?
What will be an ideal response?
Insurance companies create wealth by
a. reducing the amount of risk that the risk averse must bear b. reducing the amount of risk that risk lovers must bear c. increasing the amount of risk that the risk averse must bear d. increasing the amount of risk that risk lovers must bear
When people hold money to transact purchases they expect to make, this is known as the:
a. precautionary demand for money. b. liquidity demand for money. c. spending demand for money. d. speculative demand for money. e. transactions demand for money.
Which of the following is considered to be an investment in economists' point of view?
a. Serena buys bonds issued by Citibank. b. John purchases a new house. c. Venus invests hundred thousand dollars in Bear Stearns stock. d. Allen sells the old truck he used for transporting goods.