In 2013,the Price of Gas Was $3

question 48

Multiple Choice

In 2013,the price of gas was $3.60 per gallon,and in 2016,the price of gas was $2.05 per gallon.Since one would be spending less on gas in 2016 than in 2013,one would have more to spend on other goods and services.All else the same,this is an example of the ________ effect.

• A) wealth
• B) net export
• C) consumption
• D) interest rate
• E) oil price

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Definitions:

Government Force

The use of governmental power and authority to enforce laws, regulations, or directives.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public, focusing on ethical, environmental, and philanthropic considerations.

Accommodation

The process of adapting or adjusting to someone or something; in lodging, it refers to a place where people can live, stay, or work.

Corporate Social Responsibility

Ethical practices in business aimed at contributing positively to the society and environment, while considering the impacts of the company's operations on all stakeholders.