In October of 1973, OPEC - the Organization of Petroleum Exporting Countries - joined together and refused to allow the United States to purchase oil from its member countries. As a result, by Spring of 1974 oil prices had roughly tripled in the United States. What international trade situation is being described here? A) a quota B) a surplus C) an embargo D) an opportunity cost In October of 1973, OPEC - the Organization of Petroleum Exporting Countries - joined together and refused to allow the United States to purchase oil from its member countries. As a result, by Spring of 1974 oil prices had roughly tripled in the United States. What international trade situation is being described here? A) a quota B) a surplus C) an embargo D) an opportunity cost
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In October of 1973, OPEC - the Organization of Petroleum Exporting Countries - joined together and refused to allow the United States to ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A famous work by Leonardo da Vinci that was as commissioned by the catholic church is A) Mona Lisa B) La Primavera C) The Last Supper D) The Birth of Venus
Answers (2)
What were the immediate effects of the Parition of India & Pakistan of 1947
Answers (1)
Fasting during Ramadan. Praying five times each day. Giving charity to the poor. Followers of which religion engage in these practices? (1) Christianity (2) Buddhism (3) Islam (4) Judaism
Answers (1)
In May, 1963, young students faced fire hoses and police dogs as they peacefully tried to march against racial injustice in
Answers (1)
A kidnapping becomes a federal crime when a child is a victim.
Answers (1)
New Questions in Social Studies
Replacing a good with a similar good because of a change in prices is an example of the: substitution effect supply and demand price rationalizing none of the above
Answers (1)
Which of these terms are used interchangeably? a "inputs" and "factors of production" b "goods and services" and "inputs" c "land, labor and capital" and "goods and services" d "goods and services" and "factors of production"
Answers (1)
Where did the Hungarian ghetto begin?
Answers (2)
The parties involved in an externality have an incentive to reach an efficient solution because
Answers (1)
What is the official language of Mozambique and Angola?
Answers (2)