menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Principles and Policy Study Set 2
  4. Exam
    Exam 16: The Economics of the Environment, and Natural Resources
  5. Question
    The Increase in World Oil Prices During the 1970s Was
Solved

The Increase in World Oil Prices During the 1970s Was

Question 168

Question 168

Multiple Choice

The increase in world oil prices during the 1970s was


A) the result of depletion of world reserves of oil.
B) artificially created by OPEC.
C) the result of extremely high growth rates in industrialized countries.
D) fully reversed by 1982.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q163: Air quality in most U.S.cities has _

Q164: In the last three decades, air quality

Q165: According to economic theory, under perfect competition,

Q166: Economists use a resource's price as an

Q167: A "backstop resource" is a close substitute

Q169: When a resource is being depleted and

Q170: Briefly and concisely define the following terms.

Q171: The legal system imposes large financial penalties

Q172: A tax on polluting emissions will<br>A)provide incentives

Q173: Statistical studies suggest that the cost of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines