Multiple Choice
The "oil shocks" of 1973-74 and 1979-80 had all of the following effects EXCEPT
A) a decline in the power of OPEC.
B) a worldwide recession.
C) a decrease in the demand for oil.
D) large net trade deficits in oil-importing countries.
Correct Answer:

Verified
Correct Answer:
Verified
Q48: Vast quantities of oil,enough to supply domestic
Q49: The current estimate of proved oil reserves
Q50: Which of the following is a potentially
Q51: North America's largest temperate rain forest is
Q52: The U.S.consumes approximately 22.5% of world oil
Q54: Describe the association between energy production,energy consumption,and
Q55: The average fuel economy of new cars
Q56: Electricity generated from heat energy beneath the
Q57: Transoceanic shipment of natural gas is less
Q58: The Industrial Revolution was characterized by the<br>A)shift