The cost of oil could decrease for the residents of countries that have to import fossil fuels. Why is this an unlikely scenario? a) Fossil fuel prices do not change b) Oil prices are set by the residents c) Countries don't need to import fossil fuels d) The cost of oil will likely increase, not decrease.

The cost of oil could decrease for the residents of countries that have to import fossil fuels. Why is this an unlikely scenario? a) Fossil fuel prices do not change b) Oil prices are set by the residents c) Countries don't need to import fossil fuels d) The cost of oil will likely increase, not decrease.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter1: Introducing The Economic Way Of Thinking

Section: Chapter Questions

Problem 4SQ

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