Practice Quiz

CLEP Economics Exam Prep

Category - Economics

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If there were a decrease in the worldwide production of oil, which of the following would most likely occur?
  1. Global consumption of oil would increase.
  2. Economic growth in oil-importing countries would decrease.
  3. International spending on research into alternative energy sources would decrease.
  4. Global exploration for new oil reserves would decrease.
Explanation
Answer: B - Economic growth in oil-importing countries would decrease.
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