Which of the following statements is true in the context natural resources?
A)The past decade has witnessed an abundance of natural resources.
B)Petroleum is the only natural resource that affects international marketing.
C)Vast differences in natural resources result in minor shifts of wealth among countries.
D)Steep declines in the price of oil had a negative impact on America's oil producers.

Question

Quizplus · Accepted Answer

Steep declines in the price of oil had a negative impact on America's oil producers. This statement is true as the price of oil has a significant impact on the profitability of oil producers and a decline in prices can lead to a decrease in revenue and profits for them. The other statements are either false (A and B) or too generalized and not necessarily true (C).

Which of the Following Statements Is True in the Context