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ASVAB · Question #679
ASVAB Question #679: Real Exam Question with Answer & Explanation
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Question
In 1973, when the OPEC nations embargoed oil exports to the United States, their action signaled an unprecedented rise in oil prices. In feet, crude oil prices quadrupled, sending oil-dependent countries into a recession. One of the results of the oil embargo was that
Options
- Athe United States embargoed oil exports of OPEC nations.
- Bthe price of crude oil declined.
- Cthe price of crude oil doubled.
- Doil-dependent countries experienced a recession.
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