Petroleum shortages have resulted in all of the following EXCEPT which of these?
A)the creation of huge amounts of wealth for oil-producing countries such as Norway and Saudi Arabia
B)the inability of oil-producing nations to service foreign debts when prices go up
C)the capacity for some countries such as Mexico and Venezuela to borrow heavily against oil reserves to develop more rapidly
D)inflation in oil-dependent nations and transfer of wealth to oil-producing nations

Question

Quizplus · Accepted Answer

When the price of petroleum falls,oil-producing nations have difficulty satisfying foreign debt.

Petroleum Shortages Have Resulted in All of the Following EXCEPT