In the 1970s the International Price of Crude Oil Rocketed

question 80

Multiple Choice

In the 1970s the international price of crude oil rocketed because:

• A)the demand for crude oil fell short of its supply.
• B)a new source of natural gas was discovered.
• C)the demand for automobiles increased drastically.
• D)the supply of oil was restricted by the oil exporting countries.
• E)of the appreciation of dollar in the international market.

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