The Fact That New Methods to Extract Oil Are Developed

question 33

Multiple Choice

The fact that new methods to extract oil are developed as oil prices increase suggests

• A)that methods of production do not change in response to factor- price changes.
• B)that invention is exogenous.
• C)nothing; changes in technology occur regardless of market prices.
• D)that oil has many close substitutes.
• E)that invention does respond to economic signals and is endogenous.

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Definitions:

Linguistic Repertoire

The range of language varieties, styles, and practices that an individual can use, reflecting their social identity and situational contexts.

Age of Exploration

A historical period from the 15th to the 17th century marked by European global exploration and the establishment of overseas colonies.

Languages Existing

Languages existing refers to the current number and types of languages spoken around the world, including those that are actively used by communities for communication.

Descriptive Linguistics

The study of languages as they are spoken, aiming to document and analyze their grammatical structures, vocabulary, and phonetics without making judgments.