Economics 0455 · IGCSE · Current account of balance of payments

Current account of balance of payments — practice question

In what ways might different oil-consuming countries view a sharp increase in the price of oil?

  • Adesirable and manageable (low standard of living); desirable and unmanageable (high standard of living)
  • Bdesirable and unmanageable (low standard of living); desirable and manageable (high standard of living)
  • Cundesirable and manageable (low standard of living); undesirable and unmanageable (high standard of living)
  • Dundesirable and unmanageable (low standard of living); undesirable and manageable (high standard of living)

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