As Discussed in the Case in Point on Arab Spring

question 75

Multiple Choice

As discussed in the Case in Point on Arab spring and oil markets, the regime changes in Tunisia, Egypt, and Libya through 2011 resulted in:

• A) an increase in the demand for oil and an increase in price.
• B) a decrease in the demand for oil and a decrease in price.
• C) an increase in the supply of oil and a decrease in price.
• D) a decrease in the supply of oil and an increase in price.

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Definitions:

Activity Durations

The estimated time periods that tasks or activities within a project are expected to take to complete.

Project Duration

The total time taken to complete a project from its start to finish, often used in planning and scheduling.

Expected Duration

The estimated time needed to complete a project or task, often considering various uncertainties or risk factors.

Critical Path

A continuity of necessary tasks in a project's agenda that have to be accomplished on time for the project to meet its proposed finalization date.