Answer:
the supply of oil is very inelastic and the demand for gasoline is inelastic over short periods of time.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
The process involved in bringing oil to world markets can take years. Substitutes for oil-based products such as gasoline are limited. As a result, the supply of oil is very inelastic and the demand for gasoline is inelastic over short periods of time.
The key benefits of having stakeholders include:
• Valuable opinions, views and suggestions of the powerful stakeholders can help you shape your project while it is still in its nascent stage.
This can significantly improve the quality of your project.
• When you have powerful stakeholders supporting you, you have access to useful resources as well.
This way, the likelihood of your project hitting higher success levels is higher.
• The active participation of your stakeholders in your project will make them understand the nature of your project and they can then contribute by actively supporting your project.
• By envisaging in advance the reaction of people to your project, you can build into your plan the actions that will win you people's support.
Answer: The correct answer is "C. discount rate increases.".
Explanation: If everything else held constant, the vertical section of the supply curve of reserves is lengthened when the discount rate increases.
This occurs because the discount rate is the interest rate at which the Central Bank is willing to lend reserves to commercial banks.
Explanation:
the correct answer is D
discount, free goods, allowance, and Free advertising speciality items
Answer:
True
Explanation:
Controlling the flow of information is important since too much flow of information eventually leads to more loss of information and distortion of facts as less is grasped, comprehended and retained.
It is essential to control and regulate the flow of information as excessive flow of information also results into confusion and the intended meaning gets lost.
So it is recommended to learn by being exposed to little bit of new information at a time rather than huge quantity of information whose comprehension and retention both would be difficult.
