Question

Considering factors such as greenhouse gas emissions, transportation distance, market price, environmental impact, and end-use applications, which of the following is likely to be the most influential factor for a nation in deciding the quantity of oil to purchase from a particular site?

a) Greenhouse gas emissions

b) Transportation distance

c) Current market price of oil

d) Potential environmental damage

e) Fraction of oil for fuels, plastics, synthetic fibers, and lubricants

Answer 1

The most influential factor for a nation in deciding the quantity of oil to purchase from a particular site is the current market price of oil.

Step-by-step explanation:

When deciding the quantity of oil to purchase from a particular site, a nation is likely to be most influenced by the current market price of oil. The market price of oil reflects supply and demand dynamics, including factors such as global production, geopolitical events, and economic conditions. Nations often consider the affordability of oil and its impact on their economy when making purchasing decisions.