In Oman, due to Covid 19 problems, there was an inflation in prices. Based on the given information, select the economic force which affected Oman. O a. Competition force O b. Macroeconomic force O c. None of the options O d. Microeconomic force

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter1: The Role And Method Of Economics
Section: Chapter Questions
Problem 3P
icon
Related questions
Question
In Oman, due to Covid 19 problems, there was an inflation in prices. Based on the given information, select the economic force which
affected Oman.
O a. Competition force
O b. Macroeconomic force
None of the options
O d. Microeconomic force
Transcribed Image Text:In Oman, due to Covid 19 problems, there was an inflation in prices. Based on the given information, select the economic force which affected Oman. O a. Competition force O b. Macroeconomic force None of the options O d. Microeconomic force
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Asymmetric Information
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
MACROECONOMICS
MACROECONOMICS
Economics
ISBN:
9781337794985
Author:
Baumol
Publisher:
CENGAGE L
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning