Question

In 1973 the world experienced an energy crisis when

A. AFL-CIO failed to reach an agreement with oil producers

B. NATO members agreed to pool their oil resources

C. OPEC tripled the price of crude oil

D. the E.E.C. planned an embargo against the U.S. and other European countries

Answer 1

In a communist economy, all economic activities are controlled by individuals the business owners the government . Such economies are also known as command economies market economies traditional economies .