When OPEC Raised the Price of Crude Oil in the 1970s,it

question 184

Multiple Choice

When OPEC raised the price of crude oil in the 1970s,it caused the

• A)supply of gasoline to decrease.
• B)quantity of gasoline demanded to decrease.
• C)equilibrium price of gasoline to increase.
• D)All of the above are correct.

---

Definitions:

Standard Deviation

A statistical measure that represents the dispersion or variability around the mean of a dataset, commonly used to quantify the risk of an investment.

Stand-alone Risk

The risk associated with a particular asset or investment when it is not part of a portfolio, considering only its own variability of returns.

Risk Aversion

The tendency of investors to prefer lower risk in investment choices, reflecting a preference for certainty over uncertainty.

Lower-risk Securities

Investment products that are considered to have a lower potential for loss or volatility, such as government bonds or CDs.