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''Falling oil prices have caused a sharp decrease in the supply of oil'' Speaking precisely and using terms as they are defined by economists. Write the statement that best describes this statement?
Wiki User
∙ 11y ago
The quotation is incorrect: A decrease in price causes a decrease in the quantity supplied, not a decrease in supply.
Wiki User
∙ 11y ago
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''Rising oil prices have caused a sharp decrease in the demand for oil.'' Speaking precisely and using terms as they defined by economists choose the statement that describes this quotes?
The quotation is incorrect: An increase in price causes a decrease in the quantity demanded, not a decrease in demand.
What are two reasons why economists have a reputation for giving conflicting advice to policymakers?
Economists often give conflicting advice to policy makers for two basic reasons: 1) economists may disagree about the validity of alternative positive theories about how the world works and/or 2) economists may have different values and therefore different normative views about what policy should try to accomplish
What is the difference between price level and the rate of inflation in an economy?
The price level is a measure of the average price in an economy and is measured at a point in time.. The rate of inflation is the rate of change of the price level over time. Strictly speaking, economists define inflation as a continued increase in the price level as opposed to a one time price level adjustment.
Which is the richest Slavic-speaking country?
Slovenia.
What is elocution competition?
Art of speaking with proper stress ,intonation and pitch
''Rising oil prices have caused a sharp decrease in the demand for oil.'' Speaking precisely and using terms as they defined by economists choose the statement that describes this quotes?
The quotation is incorrect: An increase in price causes a decrease in the quantity demanded, not a decrease in demand.
What is the word for speaking clearly and precisely?
The word is "articulate."
Is Dubliners a naturalistic or symbolic work?
Both. It is naturalistic in its preoccupation of rendering details of an actual world and it is symbolic in its creation of an interpretative statement, in speaking truths about the world it describes.
What is an antonym for gabbled?
I would say "enunciated". My dictionary defines it as speaking clearly and precisely.
Which word describes speaking quietly?
Whispering.
Which statement describes a characteristic of the nazi party?
It wished to restore Germany's military power.
Which best describes the Creole culture in New Orleans?
catholic and french speaking
What best describes caudillos?
(in Spanish-speaking regions) a military or political leader.
What is a credibility statement in a introduction speech?
A credibility statement in an introduction speech is something that is given to provide evidence that you have the authority to talk about the subject you will be speaking about.
Is this statement true or false There is only one kind of pathogen?
scientifically speaking the answer is false.
Which statement BEST describes the political rights women in early Ancient Athens possessed?
"Which" means that you were given a choice op options. Unless you add those statements, we cannot help you. Generally speaking however, a statement indicating that women were no more than the property of first their fathers, then of their husbands and that they had no rights, politically or otherwise at all, should be the right one.
Articulation is another word for?
Synonyms:delivery, diction, enunciation, expression, pronunciation, saying, speaking, statement, talking, utterance, verbalization, vocalization, voicing Synonyms:delivery, diction, enunciation, expression, pronunciation, saying, speaking, statement, talking, utterance, verbalization, vocalization, voicing delivery, diction, enunciation, expression, pronunciation, saying, speaking, statement, talking, utterance, verbalization, vocalization, voicing
