Which of the Following Was the Primary Cause of the Large

question 54

Multiple Choice

Which of the following was the primary cause of the large increase in oil prices in the 1970s?

• A) an increase in demand for oil
• B) the introduction of the National Energy Program
• C) a decrease in the supply of oil by OPEC
• D) an increase in the supply of oil by OPEC

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Definitions:

Shareholders

Individuals or entities that own shares in a corporation, entitling them to a portion of its earnings and assets.

Retained Earnings

The portion of a company's profits that is kept or retained within the company instead of being paid out to shareholders as dividends.

Shareholders

Individuals or entities that own a share or multiple shares of stock in a corporation, granting them ownership interests and rights within the company.

Total Value

The sum of all monetary values of goods, services, or assets.