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kotykmax [81]
3 years ago
7

"Between 2000 and 2008, the price of oil increased from $30 per barrel to $140 per barrel, and the price of gasoline in the Unit

ed States rose from about $1.50 per gallon to over $4.00 per gallon. Unlike in the 1970s when oil prices spiked, there were no long lines outside gas stations. Why?'

Business
1 answer:
KiRa [710]3 years ago
3 0

Answer:

C) There was no price control on gasoline at the time.

Explanation:

During the 1970s the US government established a price ceiling on gasoline, but as all price ceilings set below the equilibrium price, it results in both a deadweight loss and a supply shortage.

Since the price is "too cheap", then the quantity demanded will be more than the quantity supplied. Rising costs in gasoline production made things worst, since suppliers were constantly reducing their supply of gasoline, while consumer demand was constantly increasing.

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Assuming the short-run aggregate supply curve is upward sloping, an increase in aggregate demand (while short-run aggregate supp
frez [133]

Assuming the short-run aggregate supply curve is upward-sloping, a decrease in aggregate demand (while short-run aggregate supply remains unchanged)results in a lower price level, lower output (real GDP), and higher unemployment.

<h3>What do you mean by aggregate demand?</h3>
  • The entire quantity of demand for all completed products and services produced in an economy is measured by aggregate demand.
  • The entire amount of money spent on those products and services at a certain price point and period is referred to as aggregate demand.
  • Lowering income taxes will leave the government with less money for government expenditure, which will reduce aggregate demand and balance out the rise in consumer spending.

To learn more about the aggregate demand, refer to the following link:

brainly.com/question/24457739

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5 0
2 years ago
If a country changes its corporate tax laws so that domestic businesses build and manage more business in other countries, then
LekaFEV [45]

Answer: falls and the net capital outflow of other countries rise

Explanation:

Net capital outflow refers to the net flow of funds that's invested abroad by a particular country at a particular period. It should be noted that a positive net capital flow simply means that such country invests more outside more than than what the other parts of the world invests in it.

Given the question above, since the country changes its corporate tax laws so that domestic businesses build and manage more business in other countries, it means that the net capital outflow of that country falls and the net capital outflow of other countries rise.

3 0
3 years ago
"generally, assuming no negligence on the part of the victim, when an endorsement on a check has been forged and properly report
katen-ka-za [31]
The party that is liable for the loss is the BANK. This is because, the bank is liable for forged checks, if it fails to verify the signature on the check very well. It is written in the law that a payor bank that pays a check with a forged payee signature has paid a check that is not properly payable and is liable to its customer. 
8 0
3 years ago
In the value chain model for a hospital, pharmaceutical companies and organ donors would be considered as
natta225 [31]
It would be outputs 

Hope I helped
4 0
3 years ago
McLeod, Inc. incurred fixed costs of $300,000 and variable costs of $200,000 for total costs of $500,000 when 59,000 units are p
Ad libitum [116K]

Answer:

$3.389

Explanation:

Data provided as per the question below

Fixed cost = $300,000

Variable cost = $200,000

Total cost = $500,000

Units produced = 59,000

The computation of variable cost per unit is shown below:-

Variable cost per unit = Variable cost ÷ Units produced

= $200,000 ÷ 59,000

= $3.389

Therefore we applied the above formula.

3 0
3 years ago
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