To shed some light on this question, this assignment you are going to examine the relationship between the global price of oil and the level of democracy in a county. This spreadsheet contains all the data you will need to do the assignment.
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Oil Price
You have each been assigned one graph to do. The other graph you do should be for a different country. Note that there are countries in the spreadsheet that have not been assigned. For your second graph you may choose a country that has been assigned to someone else, or you may pick a country from the spreadsheet that has not been assigned to anyone. The table below gives your assigned graph.
| Student | Country |
| Andaverde, Velia | Chad |
| Boyle, George | Egypt |
| Cabello, Jesus David | Equatorial Guinea |
| Cervantes, Lauren | Iran |
| Corley, Kimberly | Nigeria |
| Donaldson, Cynthia | Russia |
| Fernandez, Carlos | Saudi Arabia |
| Garcia, Suzanne | Sudan |
| Jenkins, Russell | Venezuela |
| Jones, Wanda L. | Chad |
| Sattler, Emily | Egypt |
| Shone, Lesley | Equatorial Guinea |
| Sturgeon Cabello, Bertha | Iran |
You should turn in the two graphs. You should also clearly state whether each graph supports Friedman's argument or not.
If you have access to a piece of software that will plot the graphs for you, you are welcome to use it. But unless you have access to software that can do graphs (and already know how to use it) now is not the time to learn. You are free to use graph paper to do your plots by hand.
A few tips for producing a good graph:
The price of a barrel of oil is expressed in constant 2004 dollars. Data are taken from Oil: Crude oil prices 1861 - 2004. This is a spreadsheet that is part of BP Statistical Review of World Energy June 2005 (statistitical_review_full_report_workbook_2005.xls). This was downloaded from www.bp.com.