For oil importing countries, the increase in oil price in 1970’s and mid 2000 contributed

Eduncle Asked an Mcq

March 2, 2020 12:13 pm

UGC NET
Economics

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A(a), (b) and (c) only

B(b), (c) and (d) only

C(c), (d) and (a) only

D(a) and (d) only

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Eduncle Best Answer
For all importing countries, the increase in oil Prices in 1970s and mid 2000 contributed to improving terms of trade, Balance of trade deficits, Price inflation.

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