The Impact of an Increase in Oil Prices Stemming from the Growth

question 33

Multiple Choice

The impact of an increase in oil prices stemming from the growth of demand is probably going to ____ the wages of petroleum engineers.

• A)decrease
• B)increase
• C)leave unaffected
• D)be impossible to predict

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Definitions:

Quarterly

Taking place four times a year, or every quarter.

Withdrawals

The act of taking money out of an account, fund, or similar financial vehicle.

Invest

To allocate money in the expectation of some benefit in the future, usually through the purchase of assets with the hope that they will increase in value.

Ordinary Annuity

Continuous uniform payouts effected at every period’s cessation over a stipulated time frame.