New Technology Has Allowed Oil to Be Pumped from Much

question 7

Multiple Choice

New technology has allowed oil to be pumped from much deeper offshore oil fields than before. For example, 28 deep ocean rigs operate in the deep waters of the Gulf of Mexico. Deep ocean sources have ________ the world price of oil. Those who benefit from drilling for oil in the Gulf of Mexico are ________.

• A)raised; both consumers and suppliers
• B)lowered; both consumers and suppliers
• C)raised; consumers only
• D)lowered; consumers only
• E)raised; consumers and the government

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Definitions:

Fifteen-Year Bonds

Fixed income securities that mature or become due for repayment fifteen years after their issue date.

Capital Market

A financial market in which long-term debt or equity-backed securities are bought and sold, facilitating the raising of capital.

Interest

The cost of borrowing money, typically expressed as a percentage of the amount borrowed.

Rate Difference

The disparity in interest rates, often used in the context of comparing rates between two different financial products or within different markets.