In free-trade nations like Canada, if there is a disruption in the global oil supply that raises international oil prices, domestic oil prices will also be influenced regardless of whether these free-trade nations import any oil.

Which of the following conclusions is best supported by the argument?

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Correct answer marked below

Even if international oil prices rise, free-trade nations that export little or no domestically produced oil can maintain stable domestic oil prices.

As long as a free-trade nation has enough domestic supply to satisfy local demand, domestic oil prices are hardly impacted, if at all, by global oil supply disruptions.

Even if a free-trade nation typically sells most of its domestically produced oil within its own borders, that nation is still part of the global oil market.

Correct

When there is a disruption in the global oil supply, free-trade nations’ domestic oil producers cannot engage in global oil markets.

When there is a disruption in the global oil supply, non-free-trade nations’ domestic oil producers are influenced by global oil markets.

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Official Explanation

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The argument states that a disruption in the global oil supply that increases international oil prices will also affect domestic oil prices in free-trade nations like Canada. This implies that these nations are interconnected with the global market. Therefore, the conclusion that best supports this…

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Comments

ZhouJan 25, 2025

Great!

BebasApr 30, 2025

got this wrong on my practice

StuthiDec 28, 2024

Can you explain more?

s.sNov 21, 2024

Greatt

What this question tests

What it tests

Whether you can identify the argument's main conclusion as opposed to a supporting premise.

Common trap

Selecting a restatement of a premise or a side point instead of the central conclusion.

In free-trade nations like Canada, if there is a disruption in the global oil supply that raises international oil prices, domestic oil prices will also be influenced regardless of whether these free-trade nations import any oil. Which of the following conclusions is best supported by the argument?