The OPEC oil embargo was an incident during which the 12 OPEC countries stopped exporting oil to the United States. The embargo sent the price of gas through the roof. Prices more than quadrupled from 1973-1974.
<u>Explanation</u>:
- OPEC was founded by Iran, Iraq, Saudi Arabia, Venezuela and Kuwait in 1960 with the main objective of raising oil prices. OPEC had little effect on oil prices but a rise in demand and a fall in U.S. oil production.
- Extracting oil and natural gas has decreased the quantity of the oil that the U.S. has to import, and added employment, investment, and development to the economy.
- The embargo played a role in stagflation. Oil discovery and refining is again a significant US industry.
Answer:
c option....... correct means...
C. private ownership and free markets
Answer:
Just being born into a royal family does not make you a sultan; you need to have badshah-like qualities to be one. 2. ACCEPT all situations and people that come into your life as Prasad, Supreme's gift to you, and deal with them to the best of your ability.
The Ottoman sultan was the absolute ruler of the territory. He was the head of the state and head of the government, and his words were the Law. He was the political, military, judicial, social, and religious leader. He was responsible only to Allah and God's Law, known as the Seriat (Sharia).
Answer:
East Asian leaders claim that different standards are both a reflection of different cultural foundations and different practical needs. Indeed, irrespective of cultural relativism, levels of social and economic development and degrees of state consolidation are key factors in human and political rights.
Explanation:
