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This quiz consists of 5 multiple choice and 5 short answer questions through Part 5, Chapter 31.

Multiple Choice Questions

1. In what year was OPEC founded?
(a) 1960
(b) 1922
(c) 1991
(d) 1975

2. Nixon imposed what in 1971 to fight inflation?
(a) Oil price controls
(b) Income taxes
(c) Carbon embargo
(d) Gas taxes

3. What product grew rapidly after its first delivery to England in 1861?
(a) Naphtha
(b) Vasoline
(c) Gasoline
(d) Kerosene

4. By 1950, what was the primary fuel source in America?
(a) Electricity
(b) Coal
(c) Oil
(d) Synthetic fuel

5. What did 100,000 people celebrate in 1970 in the United States?
(a) Christmas
(b) The release of the film "Jaws"
(c) Earth Day
(d) The end of the Korean War

Short Answer Questions

1. The exporters' combined earnings was how much in 1977?

2. What was the most competitive market in the world in the 1950s-60s?

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

4. In December 1941, Japan bombed what target in the U.S.?

5. The Royal Dutch Company set up operations where?

(see the answer key)

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