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:

Billing Procedures

The processes involved in requesting payment for services rendered or goods provided, detailing how amounts are calculated, charged, and collected.

Payment Options

Various methods available for transferring funds or making payments, such as cash, credit cards, online transactions, or checks.

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Devices that combine electrical and mechanical processes and components, often found in medical settings for diagnostics and treatment.

Electronic Magnetic

Pertaining to electromagnetism, a branch of physics involving the study of the electromagnetic force that occurs between electrically charged particles.