Crude oil price controls improved efficiency in the oil industry
Indicate whether the statement is true or false
F Crude oil price controls discouraged exploration and worsened industry efficiency.
Economics
You might also like to view...
A market might have an upward-sloping long-run supply curve if
a. firms have different costs. b. consumers exercise market power over producers. c. all factors of production are essentially available in unlimited supply. d. the entry of new firms into the market has no effect on the cost structure of firms in the market.
Economics
Both the Bush and Obama administrations used tax cuts as a remedy to the housing “bubble.”
Answer the following statement true (T) or false (F)
Economics