Because oil price increases reduce the consumption of oil, this discourages the development of oil substitutes

Could the advent of the Internet completely eliminate frictional unemployment?

What will be an ideal response?

Which of the following statements is the best critique of the use of GDP per capita to compare welfare between nations?

A. GDP per capita is commonly used as a measure of welfare so it must be a valid measure. B. GDP per capita is independent of the country's currency so it is not subject to change due to variations in exchange rates. C. GDP per capita is calculated in a consistent and reliable way so it is not subject to measurement errors. D. GDP per capita is highly correlated with alternative measures of quality of life.