The Organization of Petroleum Exporting Countries (OPEC) controls much of the world's production of oil. If its members decide t
o lower their daily oil production, the price per barrel can rise. This can result not only in increased gasoline prices, but a general increase in prices over much of the economy because of the increased cost of transportation and production. This inflationary end result is predicted by the economic theory of __________...
This <span>inflationary end result is predicted by the economic theory of supply and demand, which dictates that if supply of oil is cut, then the price will rise to levels outside market value. </span>
Answer:This inflationary end result is predicted by the economic theory of supply and demand, which dictates that if supply of oil is cut, then the price will rise to levels outside market value.
"<span>C. The South had more miles of railroad track" is not accurate. Railroads were largely situation going from East to West. It is true that the North had a broader industrial base. </span>
The III amendment to US Constitution places restrictions on the quartering of soldiers in private homes without the owners consent, forbidding the practice in peacetime
