The international organization most responsible for rising prices during the 1970s was
A)the WTO.
B)OPEC.
C)the CIA.
D)the World Bank.
E)the Trilateral Commission.

Question

Quizplus · Accepted Answer

OPEC, the Organization of the Petroleum Exporting Countries, was most responsible for rising prices during the 1970s. OPEC placed an embargo on oil exports to countries that supported Israel during the Yom Kippur War in 1973, leading to a significant increase in oil prices.

The International Organization Most Responsible for Rising Prices During the 1970s