If Extraction Technology Continues to Improve Over Time

question 108

Multiple Choice

If extraction technology continues to improve over time,

• A) the price of crude oil can continue to fall or stay steady.
• B) the price of crude oil will increase despite any attempts to stem demand.
• C) the price of crude oil will only fall if sufficient government taxation is implemented.
• D) the price of crude oil will only fall if sufficient demand declines are arranged.

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Definitions:

Industrial Union

A method of labor union organization in which workers from a specific industry are unified into a single union, irrespective of their individual skills or trades.

Right to Work Laws

Laws that prohibit union security agreements between companies and workers' unions, preventing mandatory union membership for employment.

Labor Union Members

Individuals who belong to an organization that represents workers' interests, including wages, working conditions, and hours.

Industrial Union

A labor union where members are organized across an entire industry, rather than by trade or profession.