A Barrel of Oil Can Be Used to Produce Both

question 3

Multiple Choice

A barrel of oil can be used to produce both gasoline and asphalt. If the price of gasoline falls, the supply of asphalt ________ and asphalt prices ________.

• A) increases; decrease
• B) increases; increase
• C) decreases; decrease
• D) decreases; increase

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Definitions:

Politics

The activities associated with the governance of a country or area, especially the debate or conflict among individuals or parties having or hoping to achieve power.

Foreign-Born

Individuals who were born outside of the country in which they currently reside, often contributing to the cultural diversity of their new home.

Historic High

A record-setting peak level or unprecedented milestone reached in any measurable statistic or data, such as financial markets, temperature records, etc.

Immigrants

Individuals who move from one country to another with the intention of settling there permanently.