The Prize: The Epic Quest for Oil, Money, and Power Test | Final Test - Medium

Daniel Yergin
This set of Lesson Plans consists of approximately 120 pages of tests, essay questions, lessons, and other teaching materials.
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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Who took over leadership in Libya?
(a) Abdullah Tariki
(b) Muammar al-Qaddafi
(c) Armand Hammer
(d) David Barran

2. Iraq embargoed oil to which country in response to the events at Camp David?
(a) Australia
(b) Russia
(c) Egypt
(d) India

3. Which nuclear power plant malfunctioned just after the OPEC meeting?
(a) Calder Hall
(b) Ikata
(c) Obninsk
(d) Three Mile Island

4. In 1960 Jersey cut prices by what percent, with competitors following suit, with little enthusiasm but considerable alarm?
(a) 1 percent
(b) 7 percent
(c) 40 percent
(d) 33 percent

5. From 1949-72, world oil consumption did what?
(a) Doubled
(b) Stayed the same
(c) Tripled
(d) Decreased

Short Answer Questions

1. The grounding of the Exxon Valdez in Prince William Sound happened in what year?

2. Who delivered the first-ever presidential address on energy in the United States?

3. Which country seized Jerusalem, the West Bank, and the Golan Heights?

4. What did 100,000 people celebrate in 1970 in the United States?

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

Short Essay Questions

1. Why did world oil consumption grow so fast in the period between 1949 and 1972? Which countries or areas experienced this growth?

2. Why did Iraqi troops invade Kuwait? What was the result?

3. What changes occurred in Libya in the 1970s with regard to the oil industry?

4. What weakened OPEC's position in the oil industry? Give at least one specific example.

5. OPEC was founded with which goals in mind?

6. What message was received from Tehran on November 4, 1979? Why did the event occur?

7. How did Britain respond to Nassar's demands about the Canal? How did Eisenhower feel about the events?

8. What was the "Arab oil embargo"? How did it affect the U.S.?

9. Venezuela's Alirio Parra helped stabilize OPEC through a meeting with oil leaders. Why was the meeting held? What came out of this meeting?

10. The book discusses some possible changes in the oil industry. What does the author argue is a possibility in the coming years in regards to the oil industry? What might change the face of the oil industry?

(see the answer keys)

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