DEVELOPMENTAL PSYCHOLOGY
INFANCY AND CHILDHOOD PHYSICAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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unparalleled
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transition
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Either A or B
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None of the above
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Detailed explanation-1: -The oil crisis of the 1970s was brought about by two specific events occurring in the Middle-east, the Yom-Kippur War of 1973 and the Iranian Revolution of 1979. Both events resulted in disruptions of oil supplies from the region which created difficulties for the nations that relied on energy exports from the region.
Detailed explanation-2: -The 1973 oil crisis or first oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries (OAPEC), led by King Faisal of Saudi Arabia, proclaimed an oil embargo. The embargo was targeted at nations that had supported Israel during the Yom Kippur War.
Detailed explanation-3: -Average gas prices jumped more than 35 percent from 1973 to 1974, going from 39 cents a gallon to 53 cents a gallon, according to a U.S. Department of Energy report from last June. Adjusted for 2020 numbers (the most recent available in the report), that’s like going from $2.28 a gallon to $2.82 a gallon.