Which of the Following Statements Is INCORRECT Regarding the Oil

question 12

Multiple Choice

Which of the following statements is INCORRECT regarding the oil futures market?

• A) The organization of the Petroleum Exporting Countries (OPEC)exhibits market power,but it is not the only force affecting oil prices.
• B) The global business cycle probably plays a more powerful role than OPEC in influencing oil prices.
• C) Demand from developing countries like China and India can play a significant role in determining oil futures prices.
• D) The presence of large players like OPEC and China makes it impossible for oil futures contracts to help in price discovery.
• E) Due to the existence of numerous users and suppliers of oil,oil prices are volatile and oil futures can be successfully used by the hedgers.

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Definitions:

Ex Situ Conservation

The conservation of genetic resources outside their natural habitats, such as in zoos, botanic gardens, or seed banks.

Biodiversity Hotspot

A biodiversity hotspot is a biogeographic region that is both a significant reservoir of biodiversity and is threatened with destruction.

Habitat Corridors

Strips of natural habitat that connect separated populations, allowing animals and plants to move between areas for feeding, mating, and dispersal.

In Situ Conservation

The practice of conserving biological diversity in the natural habitats where species naturally occur.