When the price of petroleum increases, the supply of Question 27 options:
A. home heating oil increases.
B. petroleum-based plastics increases.
C. petroleum-based plastics decreases.
D. airplane trips increases because of higher fuel costs.
E. hydroelectric power decreases.
B. petroleum-based plastics increases.
Economics
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Helping the poor is synonymous with more income equality
a. True b. False
Economics
The elasticity of labor demand is higher when:
A. there are many substitutes for labor in the production process. B. the inputs that could be substituted for labor are relatively expensive. C. labor productivity falls rapidly when output is increased. D. a large amount of labor is essential to the production process.
Economics