Recall the Application About Falling Oil Prices and Their Effect

question 118

Multiple Choice

Recall the Application about falling oil prices and their effect on the U.S. economy to answer the following question(s) .
-According to this Application, why did the recent decrease in oil prices have only a modest effect on economic growth?

• A) Consumers may have saved the money that resulted from lower gasoline prices.
• B) There was less incentive to produce energy and invest in new capital and equipment.
• C) Government spending decreased significantly.
• D) Both A and B are correct.

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Definitions:

Unethical Acts

Behaviors or actions that violate moral or professional principles, often leading to negative consequences for individuals or organizations involved.

Economic Need

A requirement deemed necessary for economic stability or growth within a society or individual.

Shoplift

The act of stealing goods from a store by concealing them without paying for them, considered a form of retail theft.

Hydrogen Fuel Cell

A device that generates electricity by combining hydrogen and oxygen, with water and heat as its only byproducts.