In the Run Up to the War in Iraq That

question 38

Multiple Choice

In the run up to the war in Iraq that began in 2003, one of the many concerns raised was that a war could result in a decrease in the supply of oil. At the same time, the U.S. economy was having a hard time recovering from the most recent recession and, as a result, incomes of many consumers had decreased due to layoffs, wage cuts, and so forth) . All else constant, it was reasonable to predict,with certainty, that the combination of these two factors would cause the equilibrium:

• A) quantity of oil to decrease.
• B) quantity of oil to increase.
• C) price of oil to increase.
• D) price of oil to decrease.

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Definitions:

High-Viscosity

A physical property indicating a fluid's resistance to flow, with higher values meaning greater resistance.

Nonwelded Tuff

A type of volcanic ash deposit that has not been compacted and lithified into a solid rock.

Dome Collapse

Dome Collapse refers to the structural failure and subsequent falling apart of a volcanic dome, often resulting in hazardous pyroclastic flows or landslides around the volcano.

Low-Viscosity

a property of liquids that denotes a low resistance to flow, characteristic of substances that pour easily at room temperature.