--%>

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 : Majority worse off and minority better

    When an economic change makes a huge majority of the population worse off and a minute minority better off, the alteration is: (w) good for society because it made some people better off. (x) bad for society since only a few people ar

  • Q : When a free good enjoyed by people is

    A free good is something which people enjoy but that is not scarce since: (w) people can costlessly have all they want. (x) people can purchase this along  with credit without containing to immediately pay for htis. (y) luxuries

  • Q : Reason of confronting problem of

    People whole the world confront the problem of scarcity at all times just because which one reason: (i) Greedy capitalist monopolies under-produce goods, (ii) International markets are plagued with flawed distribution, (iii) Restricted resources and t

  • Q : Mixed economy of a market system

    Whenever compared to a mixed economy which relies primarily on the market system, the society which relies relatively greatly on brute force, queuing, and arbitrary selection tends to experience: (1) Powerful reducing returns. (2) Opportunity costs to drop. (3) Fast t

  • Q : Illustrate Prices of gold and silver in

    Gold and silver, both although better conductors of electricity than copper, are not generally used for household electric circuits since they are much more expensive. It illustrates prices like: (i) Information. (ii) Rationing devices. (iii) Incentiv

  • Q : Associates facts in Economics of

    Hey friends please give your opinion for the problem of Scientific Economic work that is given below: Scientific tries to relate facts to produce understanding of how things work are termed as: (w) mathematics. (x) theories or mode

  • Q : Determine desirable items without

    Desirable items without opportunity costs are termed as: (i) free goods. (ii) economic goods. (iii) capital goods. (iv) financial goods. (v) gifts of nature. Hey friends please give your view for the problem of opportunity

  • Q : When is normative economics crucial Can

    Can anybody suggest me the appropriate explanation for given problem regarding normative economics generally. Normative economics is critical while an economist tries to: (i) predict how OPEC's refuse will influenc

  • Q : Price elasticity of demanded in

    The price elasticity of demand is the relative proportional change within the: (1) quantity of a good demanded yielded by a given absolute price change. (2) price generated through a specified change in quantity demanded. (3) quantity of a good demand

  • Q : When recently develope theory least

    Recently developed theory is least probable to evolve in common sense when this fails to: (i) conform to the principle of Occam’s razor. (ii) be consistent along with extensively-accepted previous theories. (iii) have realistic assumptions. (iv) accurately descr