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How Did the Industrialized Economies Adjust to the Higher Oil

Question 23

Multiple Choice

How did the industrialized economies adjust to the higher oil prices that resulted from the oil shocks of the 1970s?


A) expansion of oil production in new locations inside of OPEC
B) development of greater energy efficiency
C) rapid expansion of the use of coal to replace high-priced oil
D) a gradual shift to natural gas

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