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Ymorist [56]
3 years ago
5

From 1973 to 1986, growth in the United States economy was over 33 percent, while the percent growth in United States energy con

sumption was zero. The number of barrels of oil being saved per day by energy-efficiency improvements made since 1973 is now 13 million.
If the information above is correct, which of the following conclusions can properly be drawn on the basis of it?

A. It is more difficult to find new sources of oil than to institute new energy-conservation measures.
B. Oil imports cannot be reduced unless energy consumption does not grow at all.
C. A reduction in the consumption of gasoline was the reason overall energy consumption remained steady.
D. It is possible for an economy to grow without consuming additional energy.
E. The development of nontraditional energy sources will make it possible for the United States economy to grow even faster.
Business
1 answer:
Ierofanga [76]3 years ago
7 0

Answer: D

Explanation:

We are given a comparison between 'economic growth' and 'growth energy consumption' and told that the first increased and the second did not. We are also told that a certain amount of oil is being saved by energy improvements. As it is difficult to infer a likely answer in 'must or could be true' type questions, we'll go over all of the options, the Alternative approach.

A. We have no information on the relative ease of finding new sources of oil. No

B. We have no information on how to reduce oil imports. No

C. We have no information on what caused energy consumption to remain steady. No

D. This is exactly what happened so is true. This is almost certainly our answer, let's go over (Correct )

E. We have no information on the link between development of energy sources and growth. No

(D) is our answer; note that all other answers explicitly added information not in the original passage. This is what you need to watch out for in these types of questions.

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When the price is $12 the quantity demanded is 50. When the price increases to $24 the quantity demanded decreases to 30. Calcul
Allushta [10]

Answer:

PED = -0.4 or |0.4| in absolute terms

Explanation:

price elasticity of demand (PED) = % change in quantity demanded / % change in price

  • % change in quantity demanded = [(30 - 50) / 50] x 100 = -40%
  • % change in price = [($24 - $12) / $12] x 100 = 100%

PED = -40% / 100% = -0.4 or |0.4| in absolute terms

the demand is price inelastic since |0.4| < 1

this means that the change in quantity demanded is proportionally less than the change in price.

6 0
3 years ago
Describe about comparative cost and absolute advantages of international trade​
zzz [600]

Answer:

Here's what I know.

Explanation:

Comparative cost talks about the difference or similarities in cost between two or more prices of good or services.

The advantages of international trade are...

1. It creates harmony between countries.

2. It encourages countries to manufacture their own products.

3. It is a source or income/revenue to the producing countries.

4. It is a good employment opportunity.

5. It improves a country's standard of living.

Hope these help... ♥

4 0
3 years ago
To determine the six-month interest payment amount on a bond, you would take one-half of the market rate times the face value of
MrRa [10]

Answer:

False

Explanation:

To determine the six month interest payment on a bond, you must multiply the face value of the bond times half the annual contract rate of the bond. The contract rate of the bond is the interest rate used to calculate the bond's coupon.

The market rate of the bond may or may not be equal to the contract rate. If the bond was sold at a premium, the market rate is lower than the contract rate. If the bond is sold at a discount, the market rate will be higher than the contract rate.

3 0
3 years ago
Building Restoration, Inc. (BRI), enters into a contract to refurbish an old train depot for CasualDining, Inc., to open as Eat
maksim [4K]

Answer:

D

Explanation:

Substancial performance is a terminology used in contract law. It actually means the degree of performance of a contract work which is not completely or fully finished,but is so nearly equivalent that it would be unfair to deny the contractor the payment agreed upon in the contract. The owner has a right to recover whatever damages he has incurred by reason of the contractor's failure to render full and complete performance.

Building Restoration must have at least substantially performed the it's side of a bargain before they can call on the CasualDining,Inc to perform the their side of the bargain e.g. by paying an agreed amount. What actually constitute substantial performance depends on the circumstances.

7 0
3 years ago
Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing
Luden [163]

Answer:

If Mo pays cash, the cost of the purchase will be $140.

If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.

Explanation:

If Mo pays cash, it implies that she does not get the 3% discount she is entitled to, with the use of her credit card.  Therefore, she will bear the full cost.  However, if she uses the credit card, the discount is $4.20 ($1540 * 97%) and she will pay only $135.80 as the discounted price of the electronic reader.

5 0
3 years ago
Read 2 more answers
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