Alex wilson and james lawrence are discussing the high price of crude oil in the global market. alex, a sociology professor who follows the financial markets closely, claims that the volume of trade in oil futures has increased indicating that speculators are responsible for the high oil prices. james, who works at an investment bank, thinks that the increase in oil prices isdemand-driven. according to him, the higher price of oil reflects growing demand from developing countries.  

which of the following, if true, would weaken james' argument?

a. a private oil drilling firm has recently discovered vast oil deposits off the coast of a remote island country.
b. developing countries are using less oil because of substantial investments in renewable energy.
c. per capita consumption of oil was higher in the developed countries than in the developing countries during the last year.
d. an increase in oil prices tends to accelerate inflation in growing economies.
e. following a large oil spill, some countries have introduced new regulations for offshore oil drilling.  

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)