1. By about how much did the price of oil decline from 1931-1932?
A- 10 percent
B- 19 percent
C- 50 percent
D- 90 percent ****
2. What is the most basic feature of a boom-and-bust cycle?
A- government regulation
B- rapid price changes ****
C- steady production
D- the development of a new product
3. What is one reason for the crash in the boom-and-bust cycle?
A- Overproduction leads to oversupply and then to fall in prices. ****
B- Prices rise too high, causing supply to decrease.
C- The product becomes too valuable, driving away investors.
D- Underproduction leads to a decrease in demand.
Can someone please check my answers? Thank You
It’s right I got 100%
D
B
A
About 1 year later...
still 100 ._.
It is Erin for me D B A IS IT
A full year later, today is Feb 10, 2020. STILL A 100 WHOOO
about 2 years latter it is right (╯°□°）╯︵ ┻━┻ ┻━┻ ︵ ＼( °□° )／ ︵ ┻━┻ FLIP ALL THE TABLES
1) 90 percent {D}
2) rapid price changes {B}
3) Overproduction leads to oversupply and then to a fall in prices {A}
Guaranteed 100%
@bend over i thought i would never see you agian
you could prob make all your texts into some funny memes.
2022 another year later D, B, A IS STILL CORRECT!
stop the count
I don't know the answer to # 1. Check your reading assignment.
2 and 3 are correct.