The 1973 oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries proclaimed an oil embargo. The embargo was targeted at nations perceived as supporting Israel during the Yom Kippur War.[1] The initial nations targeted were Canada, Japan, the Netherlands, the United Kingdom and the United States with the embargo also later extended to Portugal, Rhodesia and South Africa. By the end of the embargo in March 1974,[2] the price of oil had risen from US$3 per barrel to nearly $12 globally; US prices were significantly higher. The embargo caused an oil crisis, or "shock", with many short- and long-term effects on global politics and the global economy.[3] It was later called the "first oil shock", followed by the 1979 oil crisis, termed the "second oil shock."
Answer:
by 0.3 percentage points
Explanation:
This result indicates that government spending contains superior information for predicting future economic activities in China than the lagged growth of GDP
A Bodhisattva is the term used to define a person who is in the path of Buddha-hood.A person who has taken a resolution to become a Buddha (Bodhisattva)need to seek permission from a living Buddha to do so
Explanation:
- As per the Buddhist school of thought in order to become a Buddha the person need to receive permission and confirmation from a living Buddha.
- Siddhartha Gautama Also known as Gautama Buddha was a Buddhist teacher who attained enlightenment and shared his insights with his students to help them to end the cycle of rebirth and suffering
The answer to the above question is (C) He gained enlightenment and tried to help others out of compassion.
