Before 1973, the price of oil__________
a. was determined primarily by the market in developing countries
b. was determined primarily by the market in rich countries
c. was determined by the rate of production, which was set by the producing countries
d. was artificially set by rich countries because they controlled most of the supply
Answer: B
You might also like to view...
The case of a false accusation against a public figure by a newspaper cannot be considered defamation if there is no malicious intent
Indicate whether the statement is true or false
The __________ campaign is aimed at winning the primary election
Fill in the blank with the correct words.
All of the following are examples of a cross-party consensus except
a. strengthening relations with the UN for foreign policy matters. b. America as an active participant in global affairs. c. the protection of American workers/jobs. d. American forces having bases overseas. e. China and Iran as a growing concern in foreign policy.
Why, according to Stiglitz, are SDRs inadequate as a global reserve currency?
a. SDRs are pegged to the US dollar. b. Their exchange rates fluctuate too wildly. c. Poorer countries have no access to them. d. They are allocated based on a country's shares in the IMF.