Oil Ministers React to Trump Tweet at OPEC in Vienna
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Business, Social Studies
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University
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Hard
Wayground Content
FREE Resource
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What dual role does the United States play in the crude oil market?
Smallest consumer and largest producer
Smallest consumer and smallest producer
Largest consumer and largest producer
Largest consumer and smallest producer
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is consensus important in the United States regarding crude oil?
Because of uniform interests across the country
Due to differing interests and views within the country
Because the US is not a major player in the oil market
Due to lack of feedback from other countries
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which countries' feedback is considered important by the speaker?
Only Middle Eastern countries
Only European countries
Only African countries
Major consuming countries like India, China, Korea, and Japan
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the feedback from major consuming countries affect decisions?
It is ignored completely
It is considered but not acted upon
It only affects local markets
It influences decisions affecting producing countries and the global economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major contributor to the world economy according to the speaker?
The growth and economy of producing countries
The decline of oil prices
The isolation of oil markets
The reduction in oil consumption
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