Question

Which of the following best represents the key argument made by the author?

• A. The rise in oil prices, the flux in the global balance of power and historical precedents should make us question our belief that the global economic prosperity would continue
• B. The belief that modern industrial capitalism is highly resilient and capable of overcoming shocks will be belied soon
• C. Widespread prosperity leads to neglect of early signs of underlying economic weakness, manifested in higher oil prices and a flux in the global balance of power
• D. A crisis is imminent in the West given the growth of countries like China and India and the increase in oil prices

Answer 1

The correct option is A The rise in oil prices, the flux in the global balance of power and historical precedents should make us question our belief that the global economic prosperity would continue

Option (B) is too narrow in its scope. Option (C) is too wide in its scope; it is too generic in nature. Also, the rise in oil prices represents one the author's key argument and helps support his view that we need to question our belief that the global economic prosperity would continue.