After OPEC raised the price of crude oil in the 1970's, which of the following was the most important reason that there were shortages of gasoline?
a. Americans drove large, gas-guzzling vehicles

Different nations answer the what, how, and for whom questions differently. China, for instance, builds dams using many workers and only a little capital equipment. The United States builds dams using a few workers and a lot of capital equipment

Which economic question are these two nations answering and why do the answers differ?

With fixed quantities of capital, land, and entrepreneurship and fixed technology, the amount of real GDP produced increases when ________ increases

i. the quantity of labor employed ii. the inflation rate iii. the price level A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii