What Would Be the Most Likely Effect of an Increase

question 107

Multiple Choice

What would be the most likely effect of an increase in the world price of oil, which would create a sectoral shift?

• A) There would be a decrease in unemployment, and the decrease would be greater in a country with unemployment insurance than in one without.
• B) There would be a decrease in unemployment, but the decrease would be smaller in a country with unemployment insurance than in one without.
• C) There would be an increase in unemployment, and the increase would be greater in a country with unemployment insurance than in one without.
• D) There would be an increase in unemployment, but the increase would be smaller in a country with unemployment insurance than in one without.

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Definitions:

Runs Out

A situation where a supply or quantity of something is completely used up or exhausted.

Next Century

A future period of 100 years, used to forecast or plan long-term visions or developments.

Economic Viability

The ability of an entity or activity to sustain itself financially over the long term.

Alternatives

Different options or choices available in a given situation, often considered when making decisions.