Mobil Energy Corp has a monopoly on gas sales in Texas. If the ...

[genevieve1028]

Mobil Energy Corp has a monopoly on gas sales in Texas. If the price of oil increases, the price of gas will
 a. increase.
  b. decrease.
  c. remains the same.
  d. may increase or decrease.

Question 2

In an open economy with few capital restrictions and substantial import-export trade, a rise in interest rates and a decline in the producer price index of inflation will
 a. raise the value of the currency
  b. lower the nominal interest rate
  c. increase the volume of trading in the foreign exchange market
  d. lower the trade-weighted exchange rate
  e. increase consumer inflation.

[iceage]

Answer to Question 1

a

Answer to Question 2

a

[genevieve1028]

Excellent

[sarah_brady415]

Thanks for the timely response, appreciate it