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Author Question: Mobil Energy Corp has a monopoly on gas sales in Texas. If the price of oil increases, the price of ... (Read 41 times)

genevieve1028

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  • Posts: 601
on: Jul 1, 2018
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.


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iceage

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

a


genevieve1028

  • Member
  • Posts: 601
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

dyrone

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  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

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