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.

---

Definitions:

CVP

Stands for Cost-Volume-Profit analysis, a tool used by businesses to determine how changes in costs and volume affect a company's operating income and net income.

All-Benefits

A type of value proposition that involves identifying and promoting all the benefits of a product or service to customer segments, with little regard for the competition or any real insight into what the customer really wants or needs.

Suppliers

Entities that provide goods or services to other entities, typically within a supply chain or business context.

Key Partners

Strategic relationships and alliances with other businesses or individuals that contribute to a company's success.