1. By how much did the price of oil decline from 1931-1932?
10%
19%**
50%
90%
2. what is the most basic feature of a boom and bust cycle?
government regulation
rapid price changes**
steady production
the development of a new product
3. What is one reason for the crash in the boom and bust cycle?
Overproduction leads to oversupply and then to a fall in prices**
prices rise too high, causing supply to decrease
the product becomes too valuable driving away investors
underproduction leads to a decrease in demand
Am I correct?
so
D
B
A
It was too late..no one was answering and so I got it wrong :/
next time, ill just study more!
I girl is correct ! Got 100%
well 1 is incorrect, 1 Is 90%. 2 you are correct. and 3 you are also correct.
still correct for connections academy 2021
D B A
Tysm for saving me from being behind
:]
Sincerely @:]