Which of the Following Is NOT an Explanation for the Instability

question 88

Multiple Choice

Which of the following is NOT an explanation for the instability of oil prices?

• A) technological advances that have made it profitable to develop oil
• B) fluctuations in the rate of growth in major economies
• C) barriers to ship oil to overseas markets
• D) environmental groups' desire to maintain current levels of carbon emissions

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Definitions:

Unit Costs

The price a business incurs for the production, storage, and distribution of a single unit of a certain product or service.

Minimum Efficient Scale

The smallest amount of production a company can achieve while still taking full advantage of economies of scale regarding costs per unit of output.

Diseconomies of Scale

The condition when a company grows so large that the costs per unit increase, causing a decrease in efficiency.

Coordinating

The organization and alignment of activities, processes, or efforts to ensure efficient and effective achievement of goals or outcomes.