Other Than OPEC,the Shortage of Gasoline in the U

question 8

Multiple Choice

Other than OPEC,the shortage of gasoline in the U.S.in the 1970s could also be blamed on

• A)a sharp increase in the demand for gasoline that was brought on by the Vietnam War.
• B)the government's policy of maintaining a price ceiling on gasoline.
• C)an indifference among U.S.consumers toward conservation.
• D)the lack of substitutes for crude oil.

---

Definitions:

Equity Method

An accounting technique used to record investments in other companies, recognizing income and changes in investment value in proportion to the ownership percentage.

Appraised Value

An estimation of the value of property, typically real estate, as determined by a professional appraiser based on market conditions and property characteristics.

Equity Income

Income that comes from stock dividends or the sale of shares, reflecting earnings from investment in equity securities.