View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Part 5, Chapter 32.

Multiple Choice Questions

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

2. Which oil company was among those who called for the U.S. to change its policy on Israel?
(a) Texaco
(b) Mobile
(c) BP
(d) Shell

3. "Dad" Joiner found oil in a Texas field that came to be known as what?
(a) The Oil Gusher
(b) The Black Giant
(c) The Liquid Bank
(d) The Cash Creator

4. Who undercut Middle Eastern oil?
(a) The Soviet Union
(b) The United States
(c) Chile
(d) France

5. Who tried to take over Britain's naval superiority in the 1890s, which instead strengthened Britain's resolve?
(a) The United States
(b) Russia
(c) France
(d) Germany

Short Answer Questions

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

2. From 1949-72, world oil consumption did what?

3. Which country set production to achieve price objectives?

4. The prices of oil did what between 1970 and 1973?

5. Outside the U.S., oil exploration in the Western Hemisphere centered where?

(see the answer key)

This section contains 161 words (approx. 1 page at 300 words per page) View a FREE sample