Following the Sharp Increases in Oil Prices in the United

question 108

Multiple Choice

Following the sharp increases in oil prices in the United States caused by the OPEC oil embargo of 1973-1974, U.S.automakers started building smaller, more fuel-efficient cars.This development caused the

• A)demand curve for oil to shift out.
• B)demand curve for oil to shift in.
• C)supply curve of oil to shift out.
• D)supply curve of oil to shift in.

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Definitions:

Stimuli

External or internal factors that elicit a physiological or psychological response in an organism.

Intrinsic Motivation

The drive to engage in activities for their own sake, because they are interesting or enjoyable, without seeking external rewards.

Instinct

An innate, typically fixed pattern of behavior in animals in response to certain stimuli.

Fixed Behavior Pattern

An innate, pre-programmed response observable within a species to specific environmental stimuli.