The right answer is A) Government loans gave the oil industry a second chance to boom
The first oil shock began in October 1973, when OPEC member Arab countries embargoed oil supplies to the United States, Japan, and Western Europe in retaliation for the occupation of Palestinian territories by the Israelis during the Yom Kippur War. The embargo forced some European countries and Japan to ration energy and led the world into recession. With the deficit in the supply of this commodity the American government intervened and fomented the economy so that it could survive the crisis that was instated and Texas petroleum became an improvised exit.
Adam Smith was the B) author of "The Wealth of Nations" and could be considered the father of modern economics, but more accurately should be considered the father of "modern capitalism."
Answer:
Machines needed to be repaired less frequently. Products could be manufactured on an assembly line.
In 1956 the term Viet Cong came into use and gradually replaced the older term Viet Minh. The government-controlled Saigon press first started using the term referring to communists in South Vietnam as Viet Cong a shortening of Viet Nam Cong-San which means "Vietnamese Communist.
Because there was either less supplies or more supplies where there was trade.
