Macroeconomics Week 11 Final Exam March 18‚ 2011 1. When gasoline prices go up many things can happen. There are two things that can happen either people will drive as less as possible or people don’t care and just keep paying whatever the oil company wants. Most of the time people will try an save as much as possible. When that happens the supply usually goes up because the demand will go down because people will try and not buy gasoline as much‚ however if the people don’t try and save their gas
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purchased in the $10‚000 to $15‚000 price range for very basic entry models‚ and hybrids can be purchased for $30‚000 TO $45‚000 all depending on the model you desire (Electric Car Costs vs. Gasoline Cars vs. Hybrids). Electric and hybrid cars both use technology that is designed to decrease the use of gasoline fuel for powering car engines. Electric cars are totally electric‚ meaning that they must be plugged in and charged‚ and that the range of the car is only as far as the charge. Hybrid cars use
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on a fuel or power source other than diesel or gasoline. These vehicles come in many different forms‚ from small commuter cars to larger commercial vehicles. The use of these alternative fuel sources greatly reduces out countries dependency on foreign oil and reduces air pollution caused by CO2 emissions (Gable & Gable‚ 2009). The vehicles currently available at Lotus Car Rental‚ like the majority of the other cars on the road‚ run on gasoline or diesel‚ but the cost of petroleum products are
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March 7‚ 2011 Abstract This paper will focus on a possible option that Marathon could take to reduce the time involved in the production process. There will be a discussion on the relationship between the retail price of gasoline and the price of crude oil. Another discussion will explain what Marathon could do to keep the price at the pump the same without losing profits if the price of crude increased 10%. Finally‚ a discussion will take place on prohibiting deep water
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------------------------------------------------- Are There Any Realistic Alternatives To Oil? While energy cannot be created or destroyed‚ it can be transformed between types. The main sources of energy on Earth are the fossil fuels‚ including coal‚ natural gas‚ and oil‚ and all of these are nonrenewable resources. Each of these were produced over a period of millions of years under the surface of the Earth‚ and it is not possible to renew these supplies. The main uses for the energy obtained
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behavior of individual economics entities: firms and consumers. How do individuals make consumption decisions? How do firms make profits and price their goods and services. The main focus of microeconomics is markets‚ wage markets‚ the market for gasoline‚ rent markets‚ etc. Macroeconomics is the branch of economics that studies the entire economy‚ especially topics as aggregate production‚ unemployment‚ inflation‚ and business cycles. Macroeconomics is a vast field that concentrates on two areas
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helped spark interest in electric vehicles.” And from there on out‚ electric cars have been on the road. They may have not started off as advanced as hybrid cars today‚ but gasoline cars started small too and grew over time.
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Bag 12‚ 25000 Kuantan‚ Pahang‚ Malaysia Abstract: Problem statement: The Compressed Natural Gas (CNG) is a gaseous form of natural gas‚ it have been recognized as one of the promising alternative fuel due to its substantial benefits compared to gasoline and diesel. Natural gas is produced from gas wells or tied in with crude oil production. Approach: Natural gas is promising alternative fuel to meet strict engine emission regulations in many countries. Compressed Natural Gas (CNG) has long been
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steam engines do at a fraction of the cost. Nowadays diesel engine manufacturers are in competition with gasoline engine manufacturers. Diesels are making comeback to the industry because they are quieter‚ lighter‚ more efficient‚ less polluting and more powerful than ever. Many companies recently have been releasing cars that have ridiculously high MPG’s and more power than their gasoline counterparts. The people in the United States like the idea of a fuel efficient car‚ but get turned off when
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conservation behavior have almost without exception been restricted to demographic investigations using bivariate analyses. The present study attempts to go beyond prior research by using a richer set of non-demographic predictors in the context of gasoline conservation. Multivariate analysis of the predictors suggests that greater understanding of conserver and non-conserver groups can be achieved with a broader set of predictor variables. [ to cite ]: Richard Semenik‚ Russell Belk‚ and John Painter
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