Most Developing Countries Are in Trouble Whenever Oil Prices Rise

question 147

Multiple Choice

Most developing countries are in trouble whenever oil prices rise because _____.

• A)they are the major exporters of oil and their export income falls
• B)it causes political instability in the countries
• C)it causes an increase in frictional unemployment
• D)higher oil prices drain the developing countries of foreign exchange
• E)it causes deflation in domestic economies.

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Definitions:

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A phase in Freudian psychosexual development when children focus on bowel control and elimination, typically around ages 2 to 3.

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A period in Freudian psychosexual development occurring between ages six and puberty, where sexual urges and behaviors are suppressed while cognitive and social skills develop.

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