[A] global inflation. [B] reduction in supply.
[C] fast growth in economy. [D] Iraq’s suspension of exports.
52. It can be inferred from the text that the retail price of petrol will go up dramatically if .
[A] price of crude rises. [B] commodity prices rise.
[C] consumption rises. [D] oil taxes rise.
53. The estimates in Economic Outlook show that in rich countries .
[A] heavy industry becomes more energy-intensive.
[B] income loss mainly results from fluctuating crude oil prices.
[C] manufacturing industry has been seriously squeezed.
[D] oil price changes have no significant iMPAct on GDP.
54. We can draw a conclusion from the text that .
[A] oil-price shocks are less shocking now.
[B] inflation seems irrelevant to oil-price shocks.
[C] energy conservation can keep down the oil prices.
[D] the price rise of crude leads to the shrinking of heavy industry.