Question

The price of crude oil taken into account the time and effort that went in creating a nature? true or not​

Answer 1

it's true

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Answer 2

The price of crude oil taken into account the time and effort that went in creating a nature is false.

Explanation:

• The price of crude oil is taken into account by the global supply and its great demand in day to day activities in human development such as industries, machineries, vehicles, etc.

• Other factors like its market trend, increased use and future contracts also effects its price but not much by the time and effort that went in creating it by nature.

• It is affected mostly by the demand, when the demand is high then its price hikes and vice versa.

To know more:

International pricing of crude oil takes into account how long it takes to form crude oil

1) True

2)False

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What type of inflation is caused by rise in price of crude oil?

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