Free Practice Question
CR · Critical Reasoning
605-655
Conclusion
In free-trade nations like Canada, if there is a disruption in the global oil supply that raises international oil prices, domestic oil prices will also be influenced regardless of whether these free-trade nations import any oil.
Which of the following conclusions is best supported by the argument?
Which of the following conclusions is best supported by the argument?
Answer Choices
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Even if international oil prices rise, free-trade nations that export little or no domestically produced oil can maintain stable domestic oil prices.
B
As long as a free-trade nation has enough domestic supply to satisfy local demand, domestic oil prices are hardly impacted, if at all, by global oil supply disruptions.
C
Even if a free-trade nation typically sells most of its domestically produced oil within its own borders, that nation is still part of the global oil market.
D
When there is a disruption in the global oil supply, free-trade nations’ domestic oil producers cannot engage in global oil markets.
E
When there is a disruption in the global oil supply, non-free-trade nations’ domestic oil producers are influenced by global oil markets.
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Comments
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Z
ZhouJan 25, 2025
Great!
Details
Difficulty
605-655
Type
CR