Biden Weighs Meeting Saudi Crown Prince Next Month

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the significance of a potential meeting between President Biden and Crown Prince Mohammed bin Salman?
It would result in immediate oil price reduction.
It could lead to a reset in US-Saudi relations.
It guarantees a new trade agreement.
It signifies the end of OPEC Plus.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two main options OPEC Plus might consider to adjust oil supply?
Increase oil prices and reduce production.
Accelerate tapering or maximize Saudi production.
Decrease oil prices and increase production.
Maintain current production levels.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How might Saudi Arabia respond to oil market demands according to the discussion?
By focusing solely on domestic oil needs.
By withdrawing from OPEC Plus.
By maximizing its production to 12.2 million barrels a day.
By reducing its oil production significantly.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What historical event is referenced to highlight US-Saudi relations?
The signing of the Paris Agreement.
The meeting on the USS Quincy in 1945.
The formation of the United Nations.
The end of World War II.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the likely trend for crude oil prices if a reset in US-Saudi relations does not occur?
Prices will fluctuate unpredictably.
Prices will continue to rise until a recession occurs.
Prices will decrease significantly.
Prices will stabilize and remain constant.
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