As a Result of U

question 15

Multiple Choice

As a result of U.S. support for Israel in 1973 when it was attacked by Egypt and Syria,

• A) Israel took control of Syria.
• B) the Israeli army became dependent on American military advisors.
• C) Arab nations placed an embargo on oil to America.
• D) the Soviet Union started sending arms to Syria.
• E) Israel was able to seize the Suez Canal.

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Definitions:

Total Output

The total amount of goods or services produced by an economy or firm within a specific period.

Specialization

The practice of focusing production on a limited range of goods or services to gain efficiency.

Trade

The exchange of goods and services between parties, which can occur within an economy (domestic trade) or between economies (international trade).

Opportunity Cost

The financial sacrifice involved in overlooking the closest alternative when a choice is made or one option is favored over another.