What Lower Oil Prices Mean for Consumers, Shale Producers
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Business
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How might consumers react if they believe the drop in gasoline prices is only temporary?
They will invest in real estate.
They will increase their spending on luxury items.
They will travel more frequently.
They will save more money instead of spending.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential consequence of reduced investment in the US shale industry?
Higher wages for workers.
Delayed reduction in drilling activities.
Immediate increase in oil production.
Increased employment in the sector.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which countries are likely to face challenges due to prolonged low oil prices?
Countries with strong agricultural exports.
Countries with large manufacturing sectors.
Countries heavily reliant on oil revenue.
Countries with diversified economies.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What effect does a stronger US dollar have on inflation?
It stabilizes inflation rates.
It creates disinflationary pressures.
It has no impact on inflation.
It increases inflationary pressures.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a $10 decline in oil prices affect GDP growth according to the transcript?
It increases GDP growth by 1%.
It contributes 0.2 percentage points to GDP growth.
It has no impact on GDP growth.
It reduces GDP growth by 0.5%.
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