Suppose That the Current Price of Oil Is $60 a Barrel

question 13

Multiple Choice

Suppose that the current price of oil is $60 a barrel and the interest rate is 3%.Further,suppose that the interest rate remains unchanged and no new discoveries of oil are made.If two years from now the economist for the National Petroleum company believes that the rate of oil extraction is exactly right,believes that the rate of oil extraction has been too rapid,what would be the likely price for a barrel of oil at that time?

• A)Above $63.60 a barrel
• B)$63.60 a barrel
• C)Below $63.60 a barrel
• D)Above $65 a barrel

Understand how computers process and represent data and instructions.

Distinguish between data and information.

Recognize the representation and significance of data in computing.

Understand the concept and use of bits in data representation.

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Definitions:

Tortoises

Land-dwelling reptiles with a distinctive hard shell, part of the turtle family but adapted for life on land.

Finches

A group of bird species known for their significant role in Charles Darwin's study of natural selection and evolution, notably in the Galapagos Islands.

Feign Injury

To pretend or simulate having an injury, often to avoid duty or work or gain sympathy.

Hatchlings

Young animals that have recently emerged from their eggs.