Quiz on the Oil Crisis and Neoliberalism

What was a major cause of the oil crisis in the 1970s?

• Excessive dependence on oil

• Increased agricultural production

• Technological advancements in agriculture

• High levels of unemployment

Which energy alternatives did countries seek during the oil crisis?

• Geothermal energy exclusively

• Hydroelectric power only

• Coal and natural gas

• Nuclear, solar, and wind energy

What was one consequence of the oil crisis on Japan?

• Increased energy dependence

• Expansion of coal mining

• Focus on high-tech industries

• Rise in agricultural exports

Who were key leaders promoting neoliberal policies?

• Margaret Thatcher and Ronald Reagan

• Franklin D. Roosevelt and John F. Kennedy

• Winston Churchill and Harry Truman

• Angela Merkel and Emmanuel Macron

What economic theory influenced the rise of neoliberalism?

• Marxist theory

• Keynesian economics

• Supply-side economics

• Monetarism

What was a major characteristic of neoliberal policies?

• Expansion of welfare programs

• Privatization of public goods

• Higher taxes for corporations

• Increased government intervention

What was a consequence of neoliberalism?

• Increased public spending

• Economic stagnation

• Higher unemployment rates

• Market deregulation

What did neoliberalism advocate for in terms of government role?

• Expansion of public services

• Higher tariffs on imports

• Increased regulation

• Reduction of government intervention

What was a significant impact of the oil crisis on industrial production?

• Increased efficiency in all sectors

• Growth in agricultural production

• Expansion of the service sector

• Many companies shut down

What was a driving force behind the development of neoliberalism?

• Failures of agricultural policies

• Rise of socialist movements

• Increased government spending

• Political movements advocating free-market ideas