CLEP Economics Exam Prep

Category - Economics

Start a Study Session Sign up for Question of the Day

If there were a decrease in the worldwide production of oil, which of the following would most likely occur?

Global consumption of oil would increase.
Economic growth in oil-importing countries would decrease.
International spending on research into alternative energy sources would decrease.
Global exploration for new oil reserves would decrease.

Explanation

Answer: B - Economic growth in oil-importing countries would decrease.

Was this helpful? Upvote!

Login to contribute your own answer or details

Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz