Estimated Crude Oil Reserves in a Certain Year Was About $y = \frac { 1,100 \times 10 ^ { 9 } } { 365 x }$

question 53

Multiple Choice

Estimated crude oil reserves in a certain year was about 1,100 billion barrels. If the average consumption of crude oil is x barrels per day, what equation describes how many days the oil reserves will last?

• A) \(y = \frac { 1,100 \times 10 ^ { 9 } } { 365 x }\)
• B) \(y = \frac { 1,100 } { x }\)
• C) \(y = \frac { 1,100 } { 365 x }\)
• D) \(y = 1,100 \times 10 ^ { 9 } x\)
• E) \(y = \frac { 1,100 \times 10 ^ { 9 } } { x }\)

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Worker Health

Refers to the physical and mental well-being of employees in their workplace, significantly impacting productivity and satisfaction.

Efficiency Wages

Wages that are deliberately set above the market equilibrium to increase productivity, reduce turnover, or improve the quality of applicants.

Labor Surplus

A situation in the labor market where the supply of labor exceeds the demand for labor, often leading to unemployment.

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An unemployment scenario where there's an incongruence between the skillsets provided by the labor market and those needed by employers.