Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
waterman7833 waterman7833
wrote...
Go to Answer
Posts: 151
Rep: 0 0
A year ago
On April 20, 2020 oil prices closed at -$37.63 per barrel. Which of the following statements is FALSE regarding these negative oil prices?

▸ The reason for the decrease in the price of oil was that people knew the price was going to decrease and stopped buying oil.

▸ The negative oil prices only lasted for one day.

▸ The reason for the sudden decrease in the price of oil stemmed from the lockdowns associated with the coronavirus.

▸ The negative price of oil indicates that oil producers were paying people to take their oil because they had nowhere to store it.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 65 times
1 Reply
Replies
Answer verified by a subject expert
crwille78crwille78
wrote...
#1
Posts: 120
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

waterman7833 Author
wrote...

A year ago
This site is awesome
patyfeitosa
wrote...

Yesterday
this is exactly what I needed
nadiia
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1009 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 393
  
 14870
  
 487
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741
Previous poll results: What's your favorite funny biology word?