During 2004 China Increased Its Use of Global Oil by 40

question 89

Multiple Choice

During 2004 China increased its use of global oil by 40%. This followed a 100% increase during the previous 5 years. How do economists refer to this kind of economic event?

• A) demand shock
• B) equilibrium event
• C) expanding commodity event
• D) supply shock

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Definitions:

Panic Disorder

An anxiety disorder characterized by recurrent unexpected panic attacks and persistent concern about having additional attacks.

Body Dysmorphic Disorder

A mental health disorder characterized by obsessive focus on perceived flaws in one's physical appearance, often leading to significant distress and impairment in daily functioning.

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Attention Deficit Hyperactivity Disorder, a neurodevelopmental disorder characterized by problems with focus, hyperactivity, and impulsiveness.

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