In the 1970s the international price of crude oil rocketed because:
a. the demand for crude oil fell short of its supply.
b. a new source of natural gas was discovered.
c. the demand for automobiles increased drastically.
d. the supply of oil was restricted by the oil exporting countries.
e. of the appreciation of dollar in the international market.
Question 2
Your mother tells you, Watching ten hours of TV per day will make you stupid. This is a positive statement because:
a. your mother says it with a positive tone in her voice.
b. it is your mother's opinion.
c. it is a proposition that can be tested.
d. your mother is only thinking of your best interest.
The crude oil refining showing most of the major steps and processes.
The population of Asia increases rapidly, the demand for food and water is also growing
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International Economics: Theory and Policy (10th Edition)
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...