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Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371 Exercise 19
Which of the following is not true regarding increases in the price of oil?
A) Oil price increases encourage conservation.
B) Oil price increases make costly sources of oil less economical.
C) Oil price increases encourage more oil exploration.
D) a, b, and c are all true statements.
A) Oil price increases encourage conservation.
B) Oil price increases make costly sources of oil less economical.
C) Oil price increases encourage more oil exploration.
D) a, b, and c are all true statements.
Explanation
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Economical refers to the value obtain (P...
Economic Analysis of Social Issues 1st Edition by Alan Grant
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