Which of the Following Is an Example of a Demand

question 178

Multiple Choice

Which of the following is an example of a demand shock?

• A)Hurricane Harry knocks out oil drilling platforms in the Gulf of Mexico.
• B)Consumers become worried about job loss and buy fewer goods and services than expected.
• C)Floods in the Midwest destroy crops.
• D)The federal government unexpectedly requires automobile producers to raise fuel efficiency standards.

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Definitions:

Scientific Method

A systematic and logical approach to discovering how things in the universe work, involving observation, hypothesis formation, experimentation, and conclusion drawing.

Language Acquisition

The process by which humans acquire the capacity to perceive, produce, and use words to understand and communicate.

Hypothesis

A suggested theory developed from minimal evidence, serving as an initial point for more in-depth research.

Replication

The process of duplicating or reproducing a scientific study to verify its results.