Economists Blame the Long Lines at Gasoline Stations in the U.S.in

question 41

Multiple Choice

Economists blame the long lines at gasoline stations in the U.S.in the 1970s on

• A)U.S.government regulations pertaining to the price of gasoline.
• B)the Organization of Petroleum Exporting Countries (OPEC).
• C)major oil companies operating in the U.S.
• D)consumers who bought gasoline frequently,even when their cars' gasoline tanks were nearly full.

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Definitions:

Tattoo

Permanent marks or designs made on the body by inserting pigment through pricks into the skin's dermis layer.

Microwave Oven

A kitchen appliance that heats and cooks food by exposing it to electromagnetic radiation in the microwave frequency range.

Frozen Food

Food that has been subjected to freezing and is stored at extremely low temperatures to preserve its freshness, taste, nutritional value, and shelf life.

Opportunity Cost

The financial impact of rejecting the subsequent preferable alternative while deciding.