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30 Jun 2022, 01:30
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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)!
Difficulty:
55%
(hard)
Question Stats:
62% (01:50) correct
38%
(02:19)
wrong
based on 220
sessions
History
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Not Attempted Yet
Of all the times for the United States to be discouraging domestic production of Oil and Natural gas, right now might be the worst. A major oil producer, Libya’s descent 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.
If the statements above are true, which of the following inference can be most properly drawn?
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 will 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.
If the statements above are true, which of the following inference can be most properly drawn?
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 will 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.
30 Jun 2022, 07:24
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There is no question; but only B can inferred from the argument.
probably B is correct answer
probably B is correct answer
30 Jun 2022, 21:48
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If the US discourages domestic production of Oil and Natural gas right now then it will be effected in the worst way from crisis in oil-producing countries.
So it supports B: The shock in Oil prices will be less severe if the US maintains or even increases its current level of Oil and Natural gas production.
So it supports B: The shock in Oil prices will be less severe if the US maintains or even increases its current level of Oil and Natural gas production.
