Bbc Four Video 2004 Flashcards
Which of the following best describes the focus of the BBC Four video (2004)?
A. There are different causal mechanisms that can lead a resource-rich country to suffer from poor economic performance, and we can find evidence for them in different South American, African, and Asian countries.
B. There are many differences between developing countries that are rich in oil, like Ecuador, and developing countries rich in natural resources like diamonds and other precious stones, like Congo.
C. Multinational oil corporations have affected the economies and quality of life of people in Ecuador and Angola.
D. A number of Ecuadorian citizens brought a lawsuit against the multinational oil giant Chevron Corporation to demand justice for how badly their oil extraction polluted the environment
A. There are different causal mechanisms that can lead a resource-rich country to suffer from poor economic performance, and we can find evidence for them in different South American, African, and Asian countries.
We watched a BBC Four video (2004) that described the extraction of oil by multinational corporations in Angola and Ecuador, two oil-rich countries. According to the video, the local populations in these countries are __________.
A. Unaware of the fact that their country’s resources are being exploited by foreign oil companies
B. Happy that their country is able to export oil and thus experience economic growth
Correct!
C. Increasingly aware of the environmental consequences of irresponsible oil extraction and, therefore, have begun to try to obstruct oil companies
D. Powerless against the dominance of international oil companies
C. Increasingly aware of the environmental consequences of irresponsible oil extraction and, therefore, have begun to try to obstruct oil companies
According to the BBC Four video (2004), what does David O’Reilly — at the time chairman of the multinational oil giant Chevron Corporation — think of the effects of natural resources?
A. All natural resources have a positive impact on resource-rich countries.
B. Precious stones and minerals have generally positive effects on resource-rich countries, while oil tends to cause problems.
C. All natural resources have negative effects on resource-rich countries.
Correct!
D. Oil can have a positive or negative role depending on the way resource-rich countries are run.
D. Oil can have a positive or negative role depending on the way resource-rich countries are run.
According to the BBC Four video (2004), what happened to the oil company Texaco in Ecuador in the early 1990s?
A. It went out of business after losing a lawsuit.
B. It was privatized and sold to a multinational group.
C. It became the first oil extraction company to extract oil from deep-water oilfields.
D. It saw its operations nationalized by the Ecuadorean government.
D. It saw its operations nationalized by the Ecuadorean government.
According to the BBC Four video (2004), “by 2015, one quarter of American oil will come from Africa.” In the case of Angola, why weren’t this African country’s oil resources tapped into earlier?
A. Angola’s oil has only become available recently because extraction was not possible during the country’s civil war.
B. Angola’s oil has only become available recently because extraction was not possible before the country’s independence from Portugal.
C. Angola’s oil has only become available recently because its existence was unknown for a long time before.
Correct!
D. Angola’s oil has only become available recently because new breakthroughs in deep-water technology finally made vast amounts of the country’s oil available for extraction.
D. Angola’s oil has only become available recently because new breakthroughs in deep-water technology finally made vast amounts of the country’s oil available for extraction.
According to the BBC Four video (2004), how is the Angolan government compensated by oil companies extracting Angolan oil?
A. The Angolan government does not receive any compensation for the oil companies’ extraction of oil.
Correct!
B. The Angolan government receives payments, but their exact amount is unknown because of a secrecy clause.
C. The Angolan government receives free oil from the oil companies.
D. The Angolan government receives payments from the oil industry in a public ceremony every year so that Angolan citizens are aware of how much money is entering the government’s budget.
B. The Angolan government receives payments, but their exact amount is unknown because of a secrecy clause.
Which of the following best summarizes the main takeaway point of the BBC Four video (2004)?
A. The curse of oil is irreversible, and its consequences are the same across very different developing countries.
B. The curse of oil would be resolved if the payments received by governments from the oil industry were not covered by secrecy clauses.
C. There are a number of different possible negative consequences of being an oil-rich country.
D. The curse of oil has been resolved in Ecuador and Angola through the creation of new institutions.
C. There are a number of different possible negative consequences of being an oil-rich country.
