Question

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

Answer 1

Answer: Reduced use of petroleum (is correct on grad point )

Answer 2

Answer:

The correct answer is option B "reduced use of petroleum".

Explanation:

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.