The demand curve for petroleum should be
A) more elastic in the long run than in the short run.
B) less elastic in the long run than in the short run.
C) as elastic in the long run as it is in the short run.
D) more or less elastic in the long run versus the short run depending upon supply conditions.
A
Economics
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Union membership has continued to grow faster than the labor force in the United States since World War II
a. True b. False
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Which of the following transactions would be recorded as a credit in the U.S. current account?
a. A Japanese bank's purchase of IBM stock. b. A Japanese consumer's purchase of an Apple computer. c. An American tourist's payment to a Japanese hotel. d. An American consumer's purchase of a Toshiba VCR.
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