Which of the following would lead to a decrease in the supply of crude oil?
A) Favorable tax breaks for oil companies
B) An increase in the demand for crude oil
C) An increase in the price of gasoline
D) Both A and C.
E) None of the above.
E
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Which of the following is not included in a nation's balance of payments?
a. Imports and exports of services. b. International interest and dividend earnings. c. Total holdings of the central bank's international reserves. d. All of the above are included in the balance of payments.
Which of the following tests helps in the detection of heteroskedasticity?
A. The Breusch-Pagan test B. The Breusch-Godfrey test C. The Durbin-Watson test D. The Chow test
Which of the following is equivalent to total cost?
a) Fixed costs plus variable costs. b) Marginal costs plus implicit costs. c) Economic costs plus accounting costs. d) Variable costs plus marginal costs.
Fixed costs are the same in the short run as they are in the long run.
Answer the following statement true (T) or false (F)