Multiple Choice
Which of the following observations would be consistent with the effect of oil speculation?
A) Society becomes worse off from speculation because speculators intend to drive up the price of oil.
B) Society becomes worse off as speculators decrease the value of oil by moving it to a time when its value is lower.
C) Society becomes better off as speculators increase the value of oil by moving it to a time when its value is higher.
D) Society is indifferent about the activities of speculators.
Correct Answer:
Verified
Correct Answer:
Verified
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