This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: All else equal, when oil prices decrease, some economical sources of oil tend to become less ... (Read 61 times)

Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
All else equal, when oil prices decrease, some economical sources of oil tend to become less economical, and this will ________ proven reserves of oil and ________ the number of years it will take to deplete the stock of oil.
 
  A) increase; increase
  B) increase; decrease
  C) decrease; increase
  D) decrease; decrease

Question 2

Which of the following items is not one of the key functions of prices in the market system?
 
  A) coordination
  B) measuring desire
  C) profit
  D) measuring scarcity


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

britb2u

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Redwolflake15

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
Wow, this really help

tranoy

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Failure of the Equal Rights Amendment, 1972–1982 Failure of the Equal Rights Amendment, 1972–1982
Torque is a twisting force equal to the distance from the pivot point times the force applied ... Torque is a twisting force equal to the distance from the pivot point times the force applied ...
Sources of hepatitis C infection. Sources of hepatitis C infection.
“New” Renewable Energy Sources “New” Renewable Energy Sources
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
Food Sources When it comes to meeting your vitamin K needs, think green Food Sources When it comes to meeting your vitamin K needs, think green
Video: Interview with Person who has Panic Attacks

For a complete list of videos, visit our video library