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What Impact Do Changes in the Price of Oil Have

question 70

Multiple Choice

What impact do changes in the price of oil have on producers who use oil inputs today as compared to producers who used oil inputs during the OPEC price shock in 1973?


Definitions:

Race Betterment Foundation

An early 20th-century American eugenics-based organization aiming to promote racial purity and health through selective breeding and other means.

Tulsa Riot

A violent racial attack that occurred in 1921 in the Greenwood District of Tulsa, Oklahoma, often referred to as the Tulsa Race Massacre, where a white mob attacked residents, homes, and businesses in one of the wealthiest black communities in the United States.

Committee on Public Information

A government agency created by President Woodrow Wilson during World War I to influence U.S. public opinion and increase support for the war effort through propaganda.

W. B. Du Bois

An influential African-American sociologist, historian, and civil rights activist, best known for his role in cofounding the NAACP and his seminal work "The Souls of Black Folk."

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