Which of the following can cause oil glut in the Internat...
Which of the following can cause oil glut in the International market?
Excess demand over supply
Under-capacity utilization
Excess supply over demand
Economic boom
Correct answer is C
Oil glut is a Market situation where the supply of a good or service far exceeds its demand, usually resulting in a substantial fall in its price.
Which of the following is NOT a contribution of agriculture to industrial development? ...
The most basic concern of economists is to? ...
The main reason for charging interest is to ...
A monopolist can boost up his revenue by ...
To finance a deficit balance of payment, a country may decide to ...
For an inferior good, a decreased in real income will lead to ...
Given the cost function C = 160 + 36Q, what is the average cost at 20 units of output? ...
Other products gotten from Petroleum include the following EXCEPT ...