how did the shortage of oil from opec nations affect the united states? it created more unemployment. it…
how did the shortage of oil from opec nations affect the united states? it created more unemployment. it lowered unemployment. it helped businesses to diversify. it caused oil production to rise.
Answer
Brief Explanations:
When there is an oil shortage from OPEC nations, costs of production rise for many industries that rely on oil. This can lead to businesses cutting back on operations and laying - off workers, thus increasing unemployment.
Answer:
It created more unemployment.