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Price of petroleum: Quiz


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Question 1: According to the ________, high oil prices generally have a large negative impact on the global economic growth.
DenmarkItalyBelgiumInternational Energy Agency

Question 2: The price of oil, like the price of all commodities, is subject to major swings over time, particularly tied to the overall ________.
Business cycleReal Business Cycle TheoryEconomicsKeynesian economics

Question 3: [23] First adopted by ________ in 1986, market-linked pricing received wide acceptance and by 1988 became and still is the main method for pricing crude oil in international trade.

Question 4: The surge in oil prices in the past several years has led some experts to argue that at least some of the rise is due to ________ in the futures markets.
SpeculationShort (finance)Efficient-market hypothesisStock market

Question 5: ________
Chronology of world oil market events (1970–2005)1990-1999 world oil market chronologyIran–Iraq WarIran

Question 6: Galbraith observed that with ________ predicting a rise in the price to $200 and Gazprom $250, suppliers may react to the rise by restricting supply until they can sell their product at a higher price.
Goldman SachsMorgan StanleyCitigroupJPMorgan Chase

Question 7: Oil prices bounces back above US$50, ________
BBC News (TV channel)BBC NewsBBC Cymru WalesBBC Television

Question 8: Widely traded oil futures, and related ________ futures, include:[24]
PetroleumEnergy developmentCoalNatural gas

Question 9: [18]A strong contributor to this price decline was the drop in demand for oil in the ________.
United StatesPhilippinesCanadaAlaska

Question 10: The task force was continuing to analyze ________ and intended to issue further findings later in the year.
Financial marketCommodity marketFutures exchangeFutures contract


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