The World Price of Oil Fell in 2014-2015 from Over

question 54

Multiple Choice

The world price of oil fell in 2014-2015 from over $100 per barrel to less than $50.As a producer of oil,what effect did this change have on Canada's production possibilities boundary?

• A)a shift outward
• B)a shift inward
• C)movement to a point beyond the boundary
• D)movement to a point within the boundary
• E)no change

Understand the key components and services of the Internet.

Recognize the importance and function of Internet protocols.

Identify different forms of digital communication and their purposes.

Distinguish between various types of e-commerce.

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Definitions:

Personal Property

Personal property refers to assets or belongings that are movable and not permanently fixed to one location, such as furniture, vehicles, and electronics.

Debt

An obligation owed by one party (the debtor) to a second party (the creditor); often referring to borrowed money that must be repaid.

Chapter 11

A part of the United States Bankruptcy Code that permits reorganization under the bankruptcy laws of the United States for corporations and partnerships.

Reorganization

The process of restructuring a company's business affairs, debts, and assets, often in the context of bankruptcy proceedings, to allow continued operation and recovery from financial distress.