--%>

Technological change in extracting crude oil

Can someone help me in determining the right answer from the given options. A good illustration of technological change would be a discovery of a: (i) Pool of oil as big as any in Kuwait merely a bit south of Cleveland. (ii) Tenth planet as big as Neptune circling our sun. (iii) Cheaper technique for extracting crude oil from shale. (iv) Lost concerto written by the Mozart shortly before he expire.

   Related Questions in Public Economics

  • Q : Weather ruins crop-equilibrium

    When the soybean market is firstly in equilibrium on S0D0 and in that case severe weather ruins much of the crop, then the market moves to: (1) S1D0. (2) S1D2. (3) S2D0<

  • Q : Why is a wristwatch a model of the

    A wristwatch is a model of the passage of time since it gives a: (w) simple representation of a complex process. (x) good illustration of modern technology. (y) way to coordinate human activity. (z) unique statement of one's personality.

    Q : Explain about market buyers A buyers’

    A buyers’ market is a market in that: (w) queuing to secure goods is common. (x) the current market price is below equilibrium. (y) demand exceeds supply. (z) several sellers experience surpluses. I need a go

  • Q : Hypothesis included by normative

    Please help me to solve the problem of hypothesis in normative statements in normative economics that is given below: Normative statements would consist of the hypothesis which: (v) Abuse of alcohol lowers GPAs. (w

  • Q : Study of economics is largely explain

    Hello guys please explain to how study of economics is broadly focused: (w) firms operate, (x) consumers make a decision what to buy, (y) Scarce resources are allocated to satisfy human requirements and (z) Resource ownership finds out the distribution of wealth and i

  • Q : Determine when economic efficiency is

    Economic efficiency is most clearly improved while: (i) a new Wal-Mart opens in a rural community. (ii) less-developed countries grow quicker than more developed countries. (iii) taxes are composed in accord along with the principle of progressivity. (iv) India increa

  • Q : Existence of shortages or surpluses

    Shortages or surpluses exist while: (w) transaction costs are zero. (x) quantity supplied be different from quantity demanded. (y) monopolists enjoy exorbitant profits. (z) supply prices equivalent demand prices. H

  • Q : Governmental allocations of goods I

    I have a problem in economics on Governmental allocations of goods. Please help me in determining the accurate answer of the following question. Pure capitalism is least reliable with: (i) Governmental allocations of goods. (ii) Laissez-faire policies

  • Q : Determine the address of Microeconomics

    Microeconomics and Macroeconomics address: (w) exactly similar questions. (x) totally different questions. (y) incompatible sets of value judgments. (z) economic matters at somewhat different levels. How can I solv

  • Q : Erroneous analysis LEAST attributable

    The erroneous analysis that economists seldom agree is LEAST attributable to the fact such that economists are: (w) acquire little media coverage while they agree, when disputes about how economic theory must be translated in policy a