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RenB
Joined: 13 Jul 2022
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Concentration: Finance, Nonprofit
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Schools: Stanford '26 Wharton '26 (D) Kellogg '26 (II) Booth '26 (D) Yale '26 (S) CBS '26 (II) Darden '26 (S) HBS '26 (D) Ross '26 (II) LBS '26 (D) Tuck '26 (II)
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13 Jul 2023, 19:04
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B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
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75% (01:25) correct
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wrong
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Of all the times for the United States to be discouraging domestic production of Oil and Natural gas, right now might be the worst. The descent of Libya, a major oil producer, into chaos is fueling a rapid rise in oil prices, and the unravelling unrest in other oil-producing countries in the Middle East and North Africa combined with Libyan crisis will lead to oil prices that are unprecedented.
The statements above most reliably lead to which of the following conclusions?
A. The United States will be able to avoid any further price increases if it maintains its current level of production of Oil and Natural gas.
B. The shock in Oil prices may be less severe if the US maintains or even increases its current level of Oil and Natural gas production.
C. The increase in price of oil because of the chaos in Libya has been higher than any corresponding increase in the recent past.
D. If the unrest in The Middle East materializes, the price of Oil is likely to increase at a rate not experienced before by The United States.
E. The likelihood of price increases will be diminished in near future if the United States increases its investment in alternate sources of energy.
The statements above most reliably lead to which of the following conclusions?
A. The United States will be able to avoid any further price increases if it maintains its current level of production of Oil and Natural gas.
B. The shock in Oil prices may be less severe if the US maintains or even increases its current level of Oil and Natural gas production.
C. The increase in price of oil because of the chaos in Libya has been higher than any corresponding increase in the recent past.
D. If the unrest in The Middle East materializes, the price of Oil is likely to increase at a rate not experienced before by The United States.
E. The likelihood of price increases will be diminished in near future if the United States increases its investment in alternate sources of energy.
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13 Jul 2023, 23:42
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RenB
Check here: of-all-the-times-for-the-united-states-to-be-discouraging-domestic-pro-394123.html?fl=similar
Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Critical Reasoning (CR) Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
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