Suppose the Price of Oil Is Falling Due to a Drop-Off

question 106

Essay

Suppose the price of oil is falling due to a drop-off in demand after the summer driving season. Explain what a group of oil-producing nations (like OPEC) that control a significant amount of the world's oil supplies could do in order to keep prices (and hence profits) high.

---

Definitions:

Exception Occurs

A runtime event that disrupts the normal flow of instructions in a program, often due to errors.

Catch Block

A section of code designed to handle exceptions in a try-catch statement in programming languages like Java.

Try Block

A try block in programming is used to enclose code that might throw an exception, allowing it to be caught and handled gracefully.

Throwable

The superclass of all errors and exceptions in the Java language, from which all exception classes are derived.