In the Mid-2000s, the Price of Oil Was Being Driven

question 38

Multiple Choice

In the mid-2000s, the price of oil was being driven higher by rising demand by

• A) Germany
• B) the United States
• C) China
• D) the United States and China
• E) Germany, the United States, and China

---

Definitions:

Imports

Goods or services brought into a country from abroad for sale, typically requiring payment to the origin country or entity.

Sole Proprietorship

A business structure where a single individual owns, manages, and is personally responsible for all aspects of the business, including liabilities.

Liability

A legal obligation or debt that an entity is required to pay to another.

Financial Capital

Economic resources measured in terms of money used by entrepreneurs and businesses to buy what they need to make their products or to provide their services.