In 2018, the Price of Oil Increased, Which in Turn

question 244

Multiple Choice

In 2018, the price of oil increased, which in turn contributed to a rise in the price of natural gas. This can best be explained by saying that oil and natural gas are

• A) complementary goods, and the higher price for oil increased the demand for natural gas.
• B) substitute goods, and the higher price for oil increased the demand for natural gas.
• C) complementary goods, and the higher price for oil decreased the supply of natural gas.
• D) substitute goods, and the higher price for oil decreased the supply of natural gas.

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Definitions:

Unconditioned Response

An automatic, natural reaction to a stimulus that occurs without any need for learning or previous experience.

Turbulent Conditions

Situations characterized by disorder, instability, or rapid changes that can create challenges or uncertainty.

Anxious

Anxious describes a feeling of worry, nervousness, or unease about something with an uncertain outcome, often related to anticipation of future events.

Conditioned Emotional Response

An emotional reaction, such as fear or anxiety, that is learned through classical conditioning.