Economists Blame the Long Lines at Gasoline Stations in the United

question 295

Multiple Choice

Economists blame the long lines at gasoline stations in the United States during the 1970s as well as the long delays in construction projects on:

• A) consumers who bought gas too frequently.
• B) the Organization of Petroleum Exporting Countries (OPEC).
• C) major oil companies operating in the United States.
• D) U.S. government regulation of gasoline prices.

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Definitions:

Temporary Work Team

A group of individuals assembled for a limited period to achieve a specific objective, and disbanded once the goal is completed.

Dependency

A situation in which one entity relies on another for support, materials, or resources.

Synergy

Synergy occurs when the combined effort of a group or system produces a greater effect than the sum of their individual effects, often leading to enhanced performance or outcomes.

Organisational Context

The internal and external environment in which an organization operates, including its culture, structure, and external market conditions.