Recall Application 3, "How the U

Multiple Choice

Recall Application 3, "How the U.S. Economy has Coped with Oil Price Fluctuations," to answer the following questions:
-According to the application, surge in the price of oil was caused by the increase in the demand for oil by fast growing countries such as:

A) Mexico and Iceland.
B) the U.S. and Japan.
C) Japan and China.
D) India and China.