This information is from a 2015 U.S. Energy Information Administration (EIA) report.
Oil Production
Short-Term Energy Outlook
January was the seventh consecutive month in which monthly average North Sea... crude oil prices decreased, reaching $48 per barrel, the lowest since March 2009. The price decline reflects continued growth in U.S. oil production and strong global supply, amid weaker global oil demand growth. This contributed to rising global oil inventories. In January, estimated total commercial oil inventories reached their highest level since August 2010.
Gasoline Prices
Driven largely by falling crude oil prices, U.S. weekly regular gasoline retail prices averaged $2.04 per gallon on January 26, the lowest since April 6, 2009. EIA expects U.S. regular gasoline retail prices, which averaged $3.36 per gallon in 2014, to average $2.33 per gallon in 2015. The average household is now expected to spend about $750 less for gasoline in 2015 compared with last year because of lower prices. The projected regular gasoline retail price increases to an average of $2.73 per gallon in 2016.
Which statement best explains the situation described in the paragraphs?
- A. Crude oil prices in 2014 encouraged U.S. families to buy less gasoline in 2015.
- B. Crude oil production levels have caused U.S. gasoline prices to fall.
- C. Greater crude oil reserves have caused the U.S. government to reduce gasoline prices.
- D. Lower crude oil production will cause U.S. gasoline prices to return to 2014 levels by 2016.
Correct Answer & Rationale
Correct Answer: B
Option B accurately reflects the relationship between crude oil production levels and gasoline prices. Increased production typically leads to lower prices, as supply outstrips demand. Option A incorrectly suggests a direct correlation between crude oil prices in 2014 and gasoline purchases in 2015, neglecting the influence of production levels. Option C misrepresents the role of reserves; while greater reserves can impact prices, it is production levels that directly affect market prices. Option D speculates on future price increases due to lower production, which is uncertain and not directly supported by the information provided.
Option B accurately reflects the relationship between crude oil production levels and gasoline prices. Increased production typically leads to lower prices, as supply outstrips demand. Option A incorrectly suggests a direct correlation between crude oil prices in 2014 and gasoline purchases in 2015, neglecting the influence of production levels. Option C misrepresents the role of reserves; while greater reserves can impact prices, it is production levels that directly affect market prices. Option D speculates on future price increases due to lower production, which is uncertain and not directly supported by the information provided.
Other Related Questions
Which event occurred first?
- A. Michael moved to Ohio.
- B. Michael attained U.S. citizenship.
- C. The IRO was created.
- D. The UN was established.
Correct Answer & Rationale
Correct Answer: D
To determine the sequence of events, it’s essential to consider historical timelines. The United Nations (UN) was established in 1945, laying the groundwork for international cooperation. The International Refugee Organization (IRO) was created shortly after, in 1946, to address post-war refugee issues. Michael attaining U.S. citizenship likely occurred after these events, as it typically follows immigration processes. Lastly, Michael moving to Ohio would depend on his citizenship status and individual circumstances, making it the most recent event in this context.
To determine the sequence of events, it’s essential to consider historical timelines. The United Nations (UN) was established in 1945, laying the groundwork for international cooperation. The International Refugee Organization (IRO) was created shortly after, in 1946, to address post-war refugee issues. Michael attaining U.S. citizenship likely occurred after these events, as it typically follows immigration processes. Lastly, Michael moving to Ohio would depend on his citizenship status and individual circumstances, making it the most recent event in this context.
Which historical event shaped President Wilson's point of view?
- A. the enactment of the Neutrality Acts
- B. the building of the Panama Canal
- C. the outcome of the Spanish-American War
- D. the fighting in World War I
Correct Answer & Rationale
Correct Answer: D
President Wilson's perspective was profoundly shaped by the fighting in World War I, as it highlighted the need for a new approach to international relations and the promotion of democracy. His commitment to a peaceful resolution and the establishment of the League of Nations stemmed from the devastation of the war. Option A, the Neutrality Acts, reflects a desire to avoid conflict, but they were enacted after Wilson's initial views were formed. Option B, the Panama Canal, was significant for U.S. expansion but did not directly influence Wilson's foreign policy. Option C, the Spanish-American War, marked an earlier phase of U.S. imperialism, contrasting with Wilson's focus on self-determination and peace.
President Wilson's perspective was profoundly shaped by the fighting in World War I, as it highlighted the need for a new approach to international relations and the promotion of democracy. His commitment to a peaceful resolution and the establishment of the League of Nations stemmed from the devastation of the war. Option A, the Neutrality Acts, reflects a desire to avoid conflict, but they were enacted after Wilson's initial views were formed. Option B, the Panama Canal, was significant for U.S. expansion but did not directly influence Wilson's foreign policy. Option C, the Spanish-American War, marked an earlier phase of U.S. imperialism, contrasting with Wilson's focus on self-determination and peace.
Which statement provides the main idea of the passage?
- A. The founders understood the importance of dividing war powers in the U.S. Constitution.
- B. President Truman used presidential war powers to send troops to South Korea.
- C. Congress restricted presidential war powers as a result of the Vietnam War.
- D. A conflict over presidential war powers exists in the U.S. government.
Correct Answer & Rationale
Correct Answer: D
Option D effectively captures the overarching theme of the passage by highlighting the ongoing conflict regarding presidential war powers within the U.S. government. This statement reflects the central issue discussed throughout the text. Option A, while relevant, focuses solely on the founders' intentions rather than the current implications of war powers. Option B is too specific, addressing a single historical instance rather than the broader concept of power dynamics. Option C, although it mentions a relevant event, limits the discussion to the Vietnam War and does not encompass the ongoing nature of the conflict over these powers.
Option D effectively captures the overarching theme of the passage by highlighting the ongoing conflict regarding presidential war powers within the U.S. government. This statement reflects the central issue discussed throughout the text. Option A, while relevant, focuses solely on the founders' intentions rather than the current implications of war powers. Option B is too specific, addressing a single historical instance rather than the broader concept of power dynamics. Option C, although it mentions a relevant event, limits the discussion to the Vietnam War and does not encompass the ongoing nature of the conflict over these powers.
Complete the U.S. System of Federalism chart based on information from the passage. Click on the title below you want to select and drag it into the top of each column in the chart. - State Government Powers - National Government Powers - Shared Powers of National and State Governments -
Correct Answer & Rationale
Correct Answer:
In the U.S. system of federalism, powers are distributed among different levels of government. **State Government Powers** include authority over education, transportation, and local law enforcement, allowing states to address local needs effectively. **National Government Powers** encompass defense, foreign affairs, and immigration, ensuring a unified national policy in these critical areas. **Shared Powers** involve taxation, infrastructure, and law enforcement, illustrating collaboration between state and national governments to maintain order and promote welfare. Other options may misplace powers or overlook the collaborative nature of federalism, leading to misunderstandings about government functions.
In the U.S. system of federalism, powers are distributed among different levels of government. **State Government Powers** include authority over education, transportation, and local law enforcement, allowing states to address local needs effectively. **National Government Powers** encompass defense, foreign affairs, and immigration, ensuring a unified national policy in these critical areas. **Shared Powers** involve taxation, infrastructure, and law enforcement, illustrating collaboration between state and national governments to maintain order and promote welfare. Other options may misplace powers or overlook the collaborative nature of federalism, leading to misunderstandings about government functions.