Which of the Following Was the Primary Cause of the Large

question 201

Multiple Choice

Which of the following was the primary cause of the large increase in oil prices in the 1970s?

• A)an increase in demand for oil
• B)a decrease in demand for oil
• C)a decrease in the supply of oil
• D)an increase in the supply of oil

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Definitions:

Monthly Payment

A fixed amount of money paid each month for a loan or mortgage over a set term.

Loan

Money that is loaned and needs to be paid back, including interest.

Compounded Semi-annually

Interest calculation method where interest is added to the principal amount twice a year, leading to the interest being compounded for the second term.

Goal

An intended outcome or target that an individual or organization aims to achieve.