When OPEC Raised the Price of Crude Oil in the 1970s

question 163

Multiple Choice

When OPEC raised the price of crude oil in the 1970s, it caused the United States'

• A)nonbinding price floor on gasoline to become binding.
• B)binding price floor on gasoline to become nonbinding.
• C)nonbinding price ceiling on gasoline to become binding.
• D)binding price ceiling on gasoline to become nonbinding.

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Definitions:

Coronary Heart Disease

A chronic disease that results from a reduction in blood flow from the coronary arteries, which supply the heart with blood.

Myocardial Infarction

A medical condition commonly known as a heart attack, resulting from the blockage of blood flow to the heart muscle.

Atherosclerosis

A condition characterized by the hardening and narrowing of the arteries due to the buildup of plaque, leading to potential heart disease and stroke.

Myocardial Ischemia

A condition characterized by reduced blood flow to the heart muscle, leading to chest pain and potential heart damage.