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Author Question: All else equal, when oil prices decrease, some economical sources of oil tend to become less ... (Read 106 times)

Redwolflake15

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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


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britb2u

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Redwolflake15

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

nathang24

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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