Why is the price of oil significant for Saudi Arabia?
Oil Prices Plunge: How Likely Is Action From OPEC?

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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
It is crucial for balancing their national budget.
It affects their ability to import goods.
It determines their military spending.
It influences their tourism industry.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a factor affecting oil prices mentioned in the video?
Technological advancements
Geopolitical tensions
Inflation and deflation
Industrial supply and demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What geopolitical reason is suggested for keeping oil prices low?
To stabilize the Middle Eastern region
To increase competition among OPEC members
To pressure Russia due to its actions in Ukraine
To support the European economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one potential outcome of the upcoming OPEC meeting?
OPEC might dissolve as an organization.
The meeting could be postponed indefinitely.
OPEC members might agree on production cuts.
Saudi Arabia may decide to increase oil production.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What trading strategy is suggested if the future oil price direction is uncertain?
Investing in renewable energy
Short selling oil stocks
Buying a straddle
Investing in oil futures
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