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What did the 1973 oil crisis teach the world economy?

Answer and explanation

Correct answer: Energy resources can affect global politics and inflation

The oil crisis showed the importance of energy dependence and resource politics. For exams connect it with the Middle East and OPEC.

Related tags

Oil-Crisis1973Energy-PoliticsImportant Historical EventsWorld HistoryGeneral KnowledgeClass 10 Mcq

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