This is not a writing assignment, this is a multiple-choice question The major global event in the year 2020 has been the Coronavirus pandemic. It has impacted our health, social lives, the economy and our outlook regarding the future, and our general feeling of security. Since economics is the primary focus of this class, let us focus on the economic impact of the Covid19 pandemic upon the U.S. and world economies. changes for the world, the advanced economies, and the emerging market and developing economies for the year 2020. *************** Question: The discusses the status of the global and U.S. oil market hit by the coronavirus pandemic. Based on your general understanding of economic issues studied in this class and of how markets function, of the below listed statements which WOULD YOU NOT INFER (i.e. WITH WHICH STATEMENT WOULD YOU NOT AGREE)? Group of answer choices Oil prices have dropped to their lowest level in years and the price of oil is less than zero. The decline in the price of oil is the result of the decline in the financial (stock) markets. The decline in the price of oil is one of the factors pulling the stock market down as the negative profitability of oil companies is causing their share prices to plummet (decrease sharply). The crude oil price had already been affected by a row between Opec, the group of oil producers, and Russia. Coronavirus has driven the price down further.
This is not a writing assignment, this is a multiple-choice question
The major global event in the year 2020 has been the Coronavirus pandemic. It has impacted our health, social lives, the economy and our outlook regarding the future, and our general feeling of security. Since economics is the primary focus of this class, let us focus on the economic impact of the Covid19 pandemic upon the U.S. and world economies.
changes for the world, the advanced economies, and the emerging market and developing economies for the year 2020.
***************
Question:
The discusses the status of the global and U.S. oil market hit by the coronavirus pandemic. Based on your general understanding of economic issues studied in this class and of how
Group of answer choices
Oil prices have dropped to their lowest level in years and the price of oil is less than zero.
The decline in the price of oil is the result of the decline in the financial (stock) markets.
The decline in the price of oil is one of the factors pulling the stock market down as the negative profitability of oil companies is causing their share prices to plummet (decrease sharply).
The crude oil price had already been affected by a row between Opec, the group of oil producers, and Russia. Coronavirus has driven the price down further.
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