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prince00113
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The Government's valiant attempts to shield the U.S. market
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08 May 2018, 10:23
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Difficulty:

25% (medium)

Question Stats:

76% (01:52) correct 24% (02:07) wrong based on 351 sessions

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The Government's valiant attempts to shield the U.S. market from global crude oil price hikes might have been prompted as much by pragmatism as by political considerations. After all, in an energy intensive economy like U.S., there is little leeway for demand for crude oil to adjust itself to price signals, without making a negative impact on the pace of economic growth, which seems to be on a robust growth trajectory right now.

Which of the following can be inferred from the above passage?

1) Previous governments always played it safe when it came to increasing the price of oil and were careful not to offend public sensibilities.
(2) In an energy-intensive economy, the demand for crude oil cannot remain price sensitive without jeopardizing development, which a government can
ill-afford.
(3) U.S., as an economy that is dependent on energy, cannot but follow the global trend in oil prices.
(4) Oil prices touched an all-time high globally, but they have remained stable in U.S. during the past few weeks.
(5) Once an economy is on a growth trajectory, price has little or no effect on growth.
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shahsuhailp
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The Government's valiant attempts to shield the U.S. market
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09 May 2018, 03:14
prince00113
The Government's valiant attempts to shield the U.S. market from global crude oil price hikes might have been prompted as much by pragmatism as by political considerations. After all, in an energy intensive economy like U.S., there is little leeway for demand for crude oil to adjust itself to price signals, without making a negative impact on the pace of economic growth, which seems to be on a robust growth trajectory right now.

Which of the following can be inferred from the above passage?

1) Previous governments always played it safe when it came to increasing the price of oil and were careful not to offend public sensibilities.
(2) In an energy-intensive economy, the demand for crude oil cannot remain price sensitive without jeopardizing development, which a government can
ill-afford.
(3) U.S., as an economy that is dependent on energy, cannot but follow the global trend in oil prices.
(4) Oil prices touched an all-time high globally, but they have remained stable in U.S. during the past few weeks.
(5) Once an economy is on a growth trajectory, price has little or no effect on growth.
Show more

Between B and C how is C correct. Pls explain.

Thanks.
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PoojanB
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The Government's valiant attempts to shield the U.S. market
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11 Sep 2020, 09:59
shahsuhailp
prince00113
The Government's valiant attempts to shield the U.S. market from global crude oil price hikes might have been prompted as much by pragmatism as by political considerations. After all, in an energy intensive economy like U.S., there is little leeway for demand for crude oil to adjust itself to price signals, without making a negative impact on the pace of economic growth, which seems to be on a robust growth trajectory right now.

Which of the following can be inferred from the above passage?

1) Previous governments always played it safe when it came to increasing the price of oil and were careful not to offend public sensibilities.
(2) In an energy-intensive economy, the demand for crude oil cannot remain price sensitive without jeopardizing development, which a government can
ill-afford.
(3) U.S., as an economy that is dependent on energy, cannot but follow the global trend in oil prices.
(4) Oil prices touched an all-time high globally, but they have remained stable in U.S. during the past few weeks.
(5) Once an economy is on a growth trajectory, price has little or no effect on growth.

HI,
the answer is B only. Hope it helps.

Between B and C how is C correct. Pls explain.

Thanks.
Show more

Hi,
The answer is B only.
It must have been edited later on.

C says US is energy dependent economy -which is not mentioned in paragraph and thus cannot be part of inference.

Hope this helps.
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The Government's valiant attempts to shield the U.S. market
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