How Will an Increase in the World Price of Crude

question 128

Multiple Choice

How will an increase in the world price of crude oil influence the economy of an oil-importing country such as the United States?

• A) Aggregate supply will decrease, leading to a decrease in real GDP.
• B) Aggregate supply will increase, leading to an increase in real GDP.
• C) Aggregate supply will increase, leading to an increase in prices and smaller GDP.
• D) A change in the price of an imported good will not affect the domestic economy of an oil-importing country.

Identify the powers and responsibilities of a liquidator during the liquidation process.

Understand the classification of creditors and the order of priority in debt repayment during liquidation.

Understand the accounting treatment and main accounts used in the liquidation process.

Understand the purpose and preparation of liquidation accounts and the calculation of surplus or deficiency.

---

Definitions:

Intel

A multinational corporation and technology company known for designing and manufacturing semiconductor chips and processors.

Turion

A brand of AMD processors targeted at the mobile computing market, offering a balance between power consumption and performance.

Celeron

Celeron is a brand name given to a range of Intel processors that target cost-effective and lower-power personal computers.

Active Listening

An effective communication technique that ensures what the speaker says is accurately received.