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Subjects
Class 10General KnowledgeWorld HistoryImportant Historical EventsExpertLevel 70
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What weakness of global capitalism did the 1973 oil crisis show?

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Answer and explanation

Correct answer: External shocks in energy supply can destabilize the economy

The oil crisis showed the relation between energy security and inflation. For exams connect it with OPEC and resource politics.

Related tags

Oil-CrisisEnergy-SecurityGlobal-Economy

Frequently asked questions

What is the correct answer to this question?

External shocks in energy supply can destabilize the economy

Why is this the correct answer?

The oil crisis showed the relation between energy security and inflation. For exams connect it with OPEC and resource politics.

Which subject and chapter does this question cover?

This is a Class 10 General Knowledge question. Chapter: World History. Topic: Important Historical Events.

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10 more MCQs
  1. 1The French Revolution was an important historical event of which country?
  2. 2The American Declaration of Independence is linked with the history of which country?
  3. 3The First World War is generally considered to have started in which year?
  4. 4The Russian Revolution is considered a major event of which year?
  5. 5The Industrial Revolution is considered to have first begun in which country?
  6. 6The beginning of the Renaissance is mainly linked with which European region?
  7. 7In the Reformation Martin Luther challenged which church system?
  8. 8Magna Carta is a famous event in the history of which country?
  9. 9What type of historical disaster was the Black Death?
  10. 10The famous event linked with Columbus's voyage is considered to have occurred in which year?
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