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US.17(E) describe the dynamic relationship between U.S. international trade policies and the U.S. free enterprise system such as the Organization of Petroleum Exporting Countries (OPEC) oil embargo, ....

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Last updated over 1 year ago
5 questions
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Question 1
1.
Which factor contributed most to inflation in the United States during the 1970s? __________________
Other Answer Choices:
High unemployment
Oil embargoes
High tariffs
Tax increases
Question 2
2.

Question 3
3.

Question 4
4.

Question 5
5.

This excerpt is from a speech by President Jimmy Carter in 1977.

Tonight I want to have an unpleasant talk with you about a problem that is unprecedented in our history. With the exception of preventing war, this is the greatest challenge that our country will face during our lifetime. The energy crisis has not yet overwhelmed us, but it will if we do not act quickly. It's a problem that we will not be able to solve in the next few years, and it's likely to get progressively worse through the rest of this century. We must not be selfish or timid if we hope to have a decent world for our children and our grandchildren. We simply must balance our demand for energy with our rapidly shrinking resources. By acting now we can control our future instead of letting the future control us.

- President Jimmy Carter, Address to the Nation on Energy , 1977

This question has two parts. First, answer Part A. Then answer Part B.

Part A
What energy crisis is referenced in the excerpt?
the accident at Three Mile Island
the Russian natural gas embargo
the Exxon Valdez oil spill
the OPEC oil embargo
Part B

Which statement BEST provides evidence for Part A?
With the exception of preventing war, this is the greatest challenge that our country will face during our lifetime.
The energy crisis has not yet overwhelmed us, but it will if we do not act quickly.
We simply must balance our demand for energy with our rapidly shrinking resources.
By acting now we can control our future instead of letting the future control us.
These gasoline rationing stamps were printed beginning in January 1974, but were never used.

Which situation led the U.S. government to print these coupons?
The economic collapse of the Soviet Union caused by increased defense spending
A shortage of consumer goods following the end of a global conflict
Economic deflation caused by increased trade globalization
An embargo organized by the Organization of Petroleum Exporting Countries
The 1973 oil embargo by the Organization of Petroleum Exporting Countries (OPEC), as a consequence of United States military aid to the nation of Israel, demonstrated the significance of which trend?
Increased reliance on foreign oil by United States consumers.
Military aid being used as a means to secure oil.
The rise in United States exports of oil to foreign nations.
Cold War alliances determining access to oil.