If the Average Price of a Barrel of Oil Was

question 67

Multiple Choice

If the average price of a barrel of oil was $35 in 1990,when the CPI was 114.7 and $55 in 2015 when the CPI was 229.6,then the real cost of a barrel of oil

• A)rose by 20 per cent during that period.
• B)rose by 57 per cent during that period.
• C)rose by 75.7 per cent during that period.
• D)fell by 57 per cent during that period.
• E)fell by 157 per cent during that period.

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Definitions:

Violent Protests

Public demonstrations that involve aggressive behaviors, including harm to people or property, to express opposition against policies or actions.

Socially Unstable Protest

Demonstrations or movements that arise in contexts of social instability, often reflecting widespread discontent or demands for change.

Collectivization

The process of transforming private assets or properties into collective ownership, typically under governmental or communal control, often associated with agricultural reforms in socialist contexts.

Collective Action

Activities undertaken by a group of people with the aim of achieving a common goal, often requiring coordination and cooperation among participants.