During the 1970s, OPEC's Output Restrictions Caused Gasoline Prices to Increase

question 85

Multiple Choice

During the 1970s, OPEC's output restrictions caused gasoline prices to increase sharply. Coincidentally, demand for gas- guzzling cars fell. A likely explanation for these observations is that gasoline and cars had a elasticity of demand that was .

• A) cross; negative
• B) income; positive
• C) price; negative
• D) cross; positive
• E) income; negative

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Definitions:

Corporate Deviance

Unethical or illegal actions taken by companies or individuals acting on their behalf, often for financial gain or competitive advantage.

Occupational Deviance

Actions or behaviors considered deviant within a work or professional setting, including abuse of powers, embezzlement, and professional misconduct.

Corporate Deviance

Actions by companies or their representatives that violate legal or ethical standards, often to gain profit or an unfair advantage.

Threats

Expressions of intent to cause harm or adverse actions against someone or something.