Use the Following to Answer Question 154

question 249

Multiple Choice

Use the following to answer question 154:
Figure: Speculation
-(Figure: Speculation) Speculators anticipating trouble in the Middle East will ______ future oil supplies by storing oil now and then selling oil out of storage, ______.

• A) decrease; driving down the market price from C to D
• B) decrease; driving up the market price from D to C
• C) increase; driving down the market price from C to D
• D) increase; driving up the market price from D to C

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Definitions:

Mass Society Theory

A sociological theory suggesting that modernization leads to social isolation, weakening the social ties and community consciousness that previously bound people together.

William Kornhauser

A sociologist known for his work on mass society theory, focusing on the effects of mass media and urbanization on social cohesion and individual behavior.

Émile Durkheim

Émile Durkheim was a French sociologist, social psychologist, and philosopher who is considered one of the founding fathers of sociology, known for his work on social cohesion and the role of religion in society.

Noam Chomsky

An American linguist, philosopher, cognitive scientist, and social critic, well-known for his critique of media and US foreign policy, as well as for founding modern linguistics.