Question

11. What is the usual relationship between oil prices and oil production? Select all that apply. (2 points)
As oil production increases, oil prices usually decrease.
As oil production decreases, oil prices usually decrease.
As oil production experiences a boom, oil prices usually rise.
As oil production experiences a bust, oil prices usually experience a boom.

Answer 1

As oil production experiences a boom, oil prices usually rise.
As oil production experiences a bust, oil prices usually experience a boom.