As Discussed in the Case in Point on Arab Spring

question 75

Multiple Choice

As discussed in the Case in Point on Arab spring and oil markets, the regime changes in Tunisia, Egypt, and Libya through 2011 resulted in:

• A) an increase in the demand for oil and an increase in price.
• B) a decrease in the demand for oil and a decrease in price.
• C) an increase in the supply of oil and a decrease in price.
• D) a decrease in the supply of oil and an increase in price.

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Definitions:

Respondents

Individuals who answer or respond to surveys or questionnaires in a research study.

Household Income

The total income earned by all members of a household, including wages, investments, and any other sources of income.

Proportion

A part, share, or number considered in comparative relation to a whole; often expressed as a fraction or percentage.

Sample

A subset of a larger population, selected for the purpose of conducting statistical analysis or experimentation.