select all the correct answers. what were two effects of opecs 1973 oil embargo on the us economy? the price…

select all the correct answers. what were two effects of opecs 1973 oil embargo on the us economy? the price of oil rose dramatically. the government began importing oil from venezuela. the united states joined opec. the united states faced a severe oil shortage. the us government instructed car manufacturers to produce fewer cars.

select all the correct answers. what were two effects of opecs 1973 oil embargo on the us economy? the price of oil rose dramatically. the government began importing oil from venezuela. the united states joined opec. the united states faced a severe oil shortage. the us government instructed car manufacturers to produce fewer cars.

Answer

Brief Explanations:

During the 1973 OPEC oil embargo, OPEC countries restricted oil exports to the US. This led to a significant reduction in oil supply, causing the price of oil to soar and creating a severe oil shortage in the US. The US did not join OPEC, and there is no evidence that the government - instructed car manufacturers to produce fewer cars as a direct result of the embargo. Importing oil from Venezuela was not a direct effect of the 1973 embargo.

Answer:

The price of oil rose dramatically. The United States faced a severe oil shortage.