Which of the following was a lasting effect of the OPEC embargo in the 1970s on
the U.S. economy?
A reduced taxes
B reduced use of petroleum
OC
lower interest rates
D higher gasoline prices

The Oil Embargo of 1973–1974 that Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed against United States was a retalation of US decision to support Israeli military. One lasting effect of the embargo was a reduced use of petroleum from the US, which derived in an oil crisis in 1973.

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Which of the following was a lasting effect of the OPEC embargo in the 1970s on the U.S. economy? A reduced taxes B reduced use of petroleum OC lower interest rates D higher gasoline prices

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Which of the following was a lasting effect of the OPEC embargo in the 1970s on
the U.S. economy?
A reduced taxes
B reduced use of petroleum
OC
lower interest rates
D higher gasoline prices