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QUESTION 7 Based on what you read in the required readings, which scenario is the most likely to happen? A countrys economy will grow if it can rely on cheap energy resources A countrys low energy costs will resut in a rise in inlation. O The high oil prices in a country will lead to high economic growth. O The low energy costs of a country will result in high trade deficits
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Ans: A country's economy will grow if it can rely on cheap energy resources.

Explanation:

A country's economy will grow if it can rely on cheap energy resources. It is because , cheap energy resources is relevant both from cost and environment point of view. It reduces cost of production and pollution. As a result a country's economy will grow.

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