In retaliation for U.S. support for Israel during the Arab-Israeli War, OPEC countries stopped selling oil to the United States. For the United States, this embargo caused the

A. demand curve for oil to shift out.
B. demand curve for oil to shift in.
C. supply curve of oil to shift out.
D. supply curve of oil to shift in.

Answer: D

Economics

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Rent-seeking behavior imposes no costs on society because it is elected officials who actually make public sector decisions

a. True b. False

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In 2011, the poverty line for a family of four in the U.S. was

a. $60,974. b. $23,021. c. $20,988. d. $17,642.

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