Author Question: OPEC should supply more oil so that the world's economies can grow more rapidly. This is an example ... (Read 105 times)

mikaylakyoung · **on:** Jun 29, 2018

OPEC should supply more oil so that the world's economies can grow more rapidly. This is an example of

A) a normative statement.
B) a positive statement.
C) a decision at the margin.
D) OPEC overcoming scarcity.

Question 2

A period of time in which the quantity of at least one factor of production used by a firm is fixed is called the

A) market period.
B) intermediate run.
C) short run.
D) long run.