1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lana71 [14]
3 years ago
6

Alex wilson and james lawrence are discussing the high price of crude oil in the global market.​ alex, a sociology professor who

follows the financial markets​ closely, claims that the volume of trade in oil futures has increased indicating that speculators are responsible for the high oil prices.​ james, who works at an investment​ bank, thinks that the increase in oil prices is​ demand-driven. according to​ him, the higher price of oil reflects growing demand from developing countries.
Business
1 answer:
algol [13]3 years ago
4 0

Answer:

Developing countries are using less oil because of substantial investments in renewable energy.

Explanation:

Solution

From the given question, the statement that would weaken James argument is that, countries that are developing are using fewer oil because of substantial investments in renewable energy.

This shows that the demand is actually higher no matter if its in growing or developing  country or a developed country and since his statement says that prices depend upon the demand, it actually supports it whereas the statement B is the only statement which is totally contradicting James statement as it doesn't talk about demand in developed country and also says that developing ones are demanding little of it.

Complete question : Alex Wilson and James Lawrence are discussing the high price of crude oil in the global market. Alex, a sociology professor who follows the financial markets closely, claims that the volume of trade in oil futures has increased indicating that speculators are responsible for the high oil prices. James, who works at an investment bank, thinks that the increase in oil prices is demand-driven. According to him, the higher price of oil reflects growing demand from developing countries.  

Which of the following, if true, would weaken James' argument?

A. A private oil drilling firm has recently discovered vast oil deposits off the coast of a remote island country.

B. Developing countries are using less oil because of substantial investments in renewable energy.

C. Per capital consumption of oil was higher in the developed countries than in the developing countries during the last year.

D. An increase in oil prices tends to accelerate inflation in growing economies.

E. Following a large oil spill, some countries have introduced new regulations for offshore oil drilling.  

You might be interested in
Which tasks are common to all Energy pathways?
Gennadij [26K]
Performing calculations and using equipment
5 0
3 years ago
If you need money, what are three alternatives to taking a cash advance on your credit card?
sertanlavr [38]
For me ,I will not taking cash advance on my credit card
3 0
3 years ago
Interest is: A- charge for lending money to a bank B-the amount owed for borrowing money C-the amount added into your savings wh
KIM [24]
B.when you take a loan out for something the faster you pay it off the less interest you have to pay
8 0
3 years ago
A recent harris poll reported that ________ percent of customers say that they will never return to a business after a negative
faust18 [17]
A recent Harris poll reported that 82 to 91 percent of customers say that they will never return to a business after a negative customer service experience. The percentage of customers decision for never returning to a business due to a bad experience varies according to the industries. The range of the percentage is 82 to 91 percent.
3 0
2 years ago
Suppose that in the U.S. consumer market, the demand for credit cards is increasing. As the demand for credit cards increases, w
Anna [14]

Answer:

Both equilibrium quantity and interest rate will shift to the right.

Explanation:

A shift to the right on those two factors candidates a general increase in the market.

As a demand for a certain product increase, The producer will match it up by increasing the supply of that product in order to accommodate as many consumers as possible. This will cause the equilibrium between demand and supply increased.

As the consumers base grow, there will be more competitors show up to offer the credits for the customers. This will make the potential income that credit providers decreased. As a response, it is very common for them to raise the interest rates for the credit.

8 0
3 years ago
Other questions:
  • Easywriter manufactures an erasable ballpoint pen, which sells for $1.75 per unit. management recently finished analyzing the re
    7·1 answer
  • Which of these transactions occurring in 2011 would contribute to gdp for 2011?
    14·1 answer
  • Marriott International, Inc., is a leading global lodging company, with more than 6,000 properties in 122 countries. Information
    8·1 answer
  • Which of the following is TRUE?​ a. ​All of the above b. ​Attending and listening are the ways in which you communicate empathy.
    9·1 answer
  • What should you do in order to make sure you fund the most important financial goals first?
    11·2 answers
  • You want $1,000,000 when you retire in 40 years. You decided to save some money every year next 40 years for your retirement. Yo
    8·1 answer
  • Any agreement should, as a part of the services provided, allow your organization to __________ your disaster recovery plan. Sel
    13·1 answer
  • Which statement about truffles is correct? A. They resemble pineapple in texture and color. B. They're prized for being both ple
    11·2 answers
  • Why does a minimum wage exist?
    5·2 answers
  • Question 1 of 20
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!