Oil Is an Input Used to Produce Gasoline

question 76

Multiple Choice

Oil is an input used to produce gasoline.An increase in the price of oil would be represented by:

• A) a leftward shift of the supply curve for gasoline.
• B) a rightward shift of the supply curve for gasoline.
• C) a movement up and to the right along the supply curve for gasoline.
• D) a movement down and to the left along the supply curve for gasoline.

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Definitions:

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A flexible benefits plan that allows employees to choose among a variety of offerings to create a benefits package tailored to their needs.

Wellness Programs

Organized and coordinated programs that aim to promote the overall health and well-being of participants, often offered through employers.

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A model or approach that allows consumers to make decisions about the goods or services they receive, often seen in healthcare or marketing.

Health Plans

Insurance policies or arrangements that provide coverage for medical expenses to individuals or groups.