Crude oil is not an example of a factor of production, but when crude oil is processed into gasoline, it is a factor of production
Indicate whether the statement is true or false
FALSE
Economics
You might also like to view...
The market for oil-change can be described as a market in which monopolistic competition prevails. This means that collusion among garages that change oil is ____________ and firms engage in _________ behavior.
a. common; cooperative b. common; uncooperative c. rare; uncooperative d. rare; cooperative
Economics
A tariff is a tax on imports.
Answer the following statement true (T) or false (F)
Economics