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 conclusion can be drawn from the diagrams?
- A. The legislature is more representative of the people in a presidential democracy than in a parliamentary democracy.
- B. The branches of government are more independent of each other in a presidential democracy than in a parliamentary democracy.
- C. The executive branch is more accountable to the people in a parliamentary democracy than in a direct democracy.
- D. The people are more involved in governing in a presidential democracy than in a direct democracy.
Correct Answer & Rationale
Correct Answer: B
In a presidential democracy, the separation of powers is a key feature, allowing the executive, legislative, and judicial branches to operate independently. This independence enhances checks and balances, ensuring that no single branch can dominate. Option A is incorrect as both systems aim for representation, but the degree can vary based on specific contexts rather than the type of democracy. Option C misrepresents accountability; in parliamentary systems, the executive is directly accountable to the legislature, which is elected by the people. Option D is misleading; in a direct democracy, citizens have direct involvement in governance, often more so than in a presidential system.
In a presidential democracy, the separation of powers is a key feature, allowing the executive, legislative, and judicial branches to operate independently. This independence enhances checks and balances, ensuring that no single branch can dominate. Option A is incorrect as both systems aim for representation, but the degree can vary based on specific contexts rather than the type of democracy. Option C misrepresents accountability; in parliamentary systems, the executive is directly accountable to the legislature, which is elected by the people. Option D is misleading; in a direct democracy, citizens have direct involvement in governance, often more so than in a presidential system.
Which event counters the viewpoint expressed in the newspaper excerpt that African Americans refused to defend their civil rights?
- A. the ratification of the 13th, 14th, and 15th Amendments
- B. the issuance of the Emancipation Proclamation
- C. the founding of the National Association for the Advancement of Colored People
- D. the start of the Great Migration
Correct Answer & Rationale
Correct Answer: C
The founding of the National Association for the Advancement of Colored People (NAACP) directly counters the viewpoint that African Americans refused to defend their civil rights. Established in 1909, the NAACP actively fought for civil rights through legal challenges, advocacy, and public education, demonstrating a strong commitment to defending their rights. Option A, the ratification of the 13th, 14th, and 15th Amendments, although significant, primarily established legal rights rather than showcasing active defense. Option B, the Emancipation Proclamation, ended slavery but did not directly address civil rights activism. Option D, the Great Migration, reflects a movement for better opportunities but does not specifically illustrate organized efforts to defend civil rights.
The founding of the National Association for the Advancement of Colored People (NAACP) directly counters the viewpoint that African Americans refused to defend their civil rights. Established in 1909, the NAACP actively fought for civil rights through legal challenges, advocacy, and public education, demonstrating a strong commitment to defending their rights. Option A, the ratification of the 13th, 14th, and 15th Amendments, although significant, primarily established legal rights rather than showcasing active defense. Option B, the Emancipation Proclamation, ended slavery but did not directly address civil rights activism. Option D, the Great Migration, reflects a movement for better opportunities but does not specifically illustrate organized efforts to defend civil rights.
Which one statement identifies the main idea of President Johnson's speech?
- A. The federal government has the responsibility to guarantee the rights of citizens.
- B. The expansion of educational opportunities should be the next goal of the civil rights movement.
- C. The expansion of voting rights can eliminate poverty.
- D. The federal government has power over state governments.
Correct Answer & Rationale
Correct Answer: A
Option A accurately captures the essence of President Johnson's speech, which emphasizes the government's duty to protect citizens' rights, particularly in the context of civil rights and social justice. Option B, while relevant to the civil rights movement, does not encapsulate the primary focus of the speech, which is broader than just education. Option C suggests a direct correlation between voting rights and poverty alleviation, which, though important, is not the main thrust of Johnson's address. Option D misrepresents the speech's intent, as it does not primarily discuss the federal government's authority over states but rather its role in ensuring citizen rights.
Option A accurately captures the essence of President Johnson's speech, which emphasizes the government's duty to protect citizens' rights, particularly in the context of civil rights and social justice. Option B, while relevant to the civil rights movement, does not encapsulate the primary focus of the speech, which is broader than just education. Option C suggests a direct correlation between voting rights and poverty alleviation, which, though important, is not the main thrust of Johnson's address. Option D misrepresents the speech's intent, as it does not primarily discuss the federal government's authority over states but rather its role in ensuring citizen rights.
Which sentence from the passage provides evidence that the Veterans Administration was involved in the development of suburban communities?
- A. "Men returned home from military service, got married, and started families." (paragraph 1)
- B. "Moreover, a separate government program made low-interest mortgage loans available to returning military personnel." (paragraph 4)
- C. "Even so, the success of Levittown depended not only on the efficiency of the Levitt brothers' process but also on the Federal Housing Administration, which guaranteed bank loans to builders." (paragraph 4)
- D. "William and his brother Alfred first gained experience in assembly-line techniques while building government housing for defense workers during World War II." (paragraph 2)
Correct Answer & Rationale
Correct Answer: B
Option B clearly highlights the involvement of the Veterans Administration by mentioning a specific government program that provided low-interest mortgage loans to returning military personnel. This directly links the agency's actions to the development of suburban communities, as affordable housing financing is crucial for homeownership. Option A discusses the general trend of returning veterans starting families but does not specifically reference the Veterans Administration's role. Option C mentions the Federal Housing Administration, not the Veterans Administration, which makes it irrelevant to the question. Option D focuses on the Levitt brothers’ prior experience and does not address the Veterans Administration's involvement in suburban development.
Option B clearly highlights the involvement of the Veterans Administration by mentioning a specific government program that provided low-interest mortgage loans to returning military personnel. This directly links the agency's actions to the development of suburban communities, as affordable housing financing is crucial for homeownership. Option A discusses the general trend of returning veterans starting families but does not specifically reference the Veterans Administration's role. Option C mentions the Federal Housing Administration, not the Veterans Administration, which makes it irrelevant to the question. Option D focuses on the Levitt brothers’ prior experience and does not address the Veterans Administration's involvement in suburban development.