FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

High oil prices lead to high gas prices, which makes people drive less so they do not have to pay a lot for gas. This

High oil prices lead to high gas prices, which makes people drive less so they do not have to pay a lot for gas. This leads to less demand for oil and stabilized prices, ultimately leading to more people driving again. This is an example of a feedback loop. Question 1 options: a) True b) False

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

More Books

Students also viewed these Economics questions

Question

★★★★★
The major fixed assets for each business include aircraft, sorting and handling facilities, delivery vehicles, and information technology. The sales and average book value of fixed assets reported on...

Answered: 1 week ago

Question

★★★★★
Adjusting journal entrymagazine subscriptions (Learning Objective 2) 510 min. Backcountry, Inc., an outdoor magazine, collected $2,700 on June 1 for one-year subscriptions from subscribers in...

Answered: 1 week ago

Question

★★★★★
Compute the pooled estimate of ???? = ???????? = ???????? used in the large sample ????-test of the difference of two proportions when (a) ???????? = 0.42, ???????? = 0.51, ???????? = 85, and...

Answered: 1 week ago

Question

★★★★★
At the beginning of 2009, Wheel R. Dealer purchased the net assets of Consolidated Corp. by issuing 10-year, 10% bonds with a face value of $100,000,000, with semiannual interest payments made on...

Answered: 1 week ago

Question

★★★★★
Lake Incorporated purchased all of the outstanding stock of Huron Company, paying $1,055,000 cash. Lake assumed all of the liabilities. Book values and fair values of acquired assets and liabilities...

Answered: 1 week ago

Question

★★★★★
Impact of Covid 19 pandemic on the GDP and trade of USA (should contain the impact on various vital sectors of economy and trade. should be a detailed report)

Answered: 1 week ago

Question

★★★★★
An Aluminum alloy die casting weighs 0.63 kg and the weight of the connected gating system = 0.25 kg. Hourly production rate of the die casting operation = 80 pcs/hr. The unit heating and pouring...

Answered: 1 week ago

Question

★★★★★
[Discrete Random Variables] According to an agreement between a smartphone producer and a retail company, the former delivers a large batch of smartphones of some given model. The retail company...

Answered: 1 week ago

Question

★★★★★
The trial balance before adjustment of Cyncrewd Inc. shows the following balances: Accounts receivable Allowance for doubtful accounts (AFDA) Credit sales Sales returns Dr. $225,000 Cr. 2,340 375,000...

Answered: 1 week ago

Question

★★★★★
1. What are some issues that you must consider when determining an appropriate sample size for your project? 2. When would a sample not be large enough? 3. Can a sample be too large? 4. How would you...

Answered: 1 week ago

Question

★★★★★
assume strands is a hair salon, provides cuts, perms, ect... annual fixed cost are $ 150,000 and variable cost are 40% of sales revenue. Last year sales revenue total $ 300,000. a- determine...

Answered: 1 week ago

Question

★★★★★
National Income Accounting. All figures are in billions of dollars for 2015 Personal Consumption Expenditures $400 Corporate Income taxes 22 Net Exports 20 Depreciation (CCA) 43 Government purchases...

Answered: 1 week ago

Question

★★★★★
Fill in the blanks in the following separate income statements a through e. Identify any negative amount by putting it in parentheses. mjh4 Sales Cost of goods sold Merchandise inventory (beginning)...

Answered: 1 week ago

Question

★★★★★
Refer to Exercise 4-4 and prepare the appropriate journal entries for DeSoto Co. to record the May 5 purchase and each of the three separate transactions a through c. DeSoto is a retailer that uses a...

Answered: 1 week ago

Question

★★★★★
The following list includes some permanent accounts and all of the temporary accounts from the December 31, 2005, unadjusted trial balance of Deacon Co., a business owned by Julie Deacon. Use these...

Answered: 1 week ago

Previous Question Next Question