Which of the Following Statements About the National Energy Act

question 59

Multiple Choice

Which of the following statements about the National Energy Act passed in 1978 is accurate?

• A)It significantly cut oil consumption, in keeping with Carter's goals for the bill.
• B)It ended up proving instrumental in helping Carter fight poverty.
• C)It had been gutted by oil, gas, and automobile industry lobbyists.
• D)It came together because Carter and the Democrats in Congress were in strong agreement.
• E)It prevented revolutionaries in Iran in 1979 from shutting off the supply of Iranian oil to the United States.

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Definitions:

Equity Securities

Financial instruments representing ownership in a company, such as stocks.

Investment

The allocation of resources, such as time, money, or effort, in the expectation of generating an income or profit.

Dividend Yield

A metric indicating the proportion of a company's annual dividends in relation to its share price.

Par Preferred Stock

Preferred stock with a nominal value assigned in the corporate charter, which determines the issue price and face value for dividend calculations.