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This quiz consists of 5 multiple choice and 5 short answer questions through Part 5, Chapter 30.

Multiple Choice Questions

1. Who was the first country to begin using the practice of "rents?"
(a) Iran
(b) Indonesia
(c) Mexico
(d) Venezuela

2. In October 1940, who bombed Dhahran?
(a) Russia
(b) Britain
(c) Japan
(d) Italy

3. What "taboo" did Venezuela break in the 1940s?
(a) Breaking an oil agreement for a better deal
(b) Allowing a foreign country to partner with domestic oil companies
(c) Selling the royalty oil directly on the world market
(d) Taking less than market value for its oil production

4. In August 1928, Deterding met where with Heinrich Riedemann of Jersey Standard-Germany, Cadman of APOC, William Mellon of Gulf, Robert Stewart of Indiana and others to discuss the oil industry?
(a) Nepal
(b) Paris
(c) Scotland
(d) Moscow

5. Which country was not represented at the meeting?
(a) Russia
(b) Germany
(c) England
(d) The United States

Short Answer Questions

1. Who called for a "new concept" that would base the price of oil on the cost of alternative energy sources?

2. For producing nations, oil was a source of what?

3. The "Arab oil embargo" consisted of what?

4. The "Neutral Zone" was between Saudi Arabia and which other country?

5. Who subdued much of Arabia and negotiated the exchange of oil for money for his country?

(see the answer key)

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