If there is a surplus in the oil market, then the price of oil will:
A. rise.
B. fall.
C. remain unchanged.
D. react unpredictably.
Answer: B
Economics
You might also like to view...
A goal of contractionary monetary policy is to:
A) decrease the rate of growth of real GDP. B) increase the rate of growth of real GDP. C) increase inflation. D) none of the above.
Economics
The term utility refers to the:
A. pleasure or satisfaction a consumer receives upon consuming a good. B. necessity of a good. C. price of a good. D. number of goods a consumer has.
Economics