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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. For producing nations, oil was a source of what?
(a) Pride
(b) Inequality
(c) Serenity
(d) Hardship

2. During the "Arab oil embargo" gas princes rose how much in the United States?
(a) 12 percent
(b) 3 percent
(c) 76 percent
(d) 40 percent

3. What document came out of the meeting, which encouraged cooperation by the oil companies?
(a) As-Is
(b) SC-RC
(c) Petroleum Edict (PET)
(d) Oil Agreement Pact

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

5. OPEC lifted the embargo in what year?
(a) 1983
(b) 1974
(c) 1952
(d) 1998

Short Answer Questions

1. In October 1940, who bombed Dhahran?

2. The deals between countries and oil companies for royalties and other fees were referred to as what?

3. Which country was not represented at the meeting?

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

5. OPEC agreed on what posted price per barrel of oil?

(see the answer key)

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