Economists blame the long lines at gasoline stations in the United States during the 1970s as well as the long delays in construction projects on:
A) consumers who bought gas too frequently.
B) the Organization of Petroleum Exporting Countries (OPEC).
C) major oil companies operating in the United States.
D) U.S. government regulation of gasoline prices.

Question

Quizplus · Accepted Answer

The long lines at gasoline stations and delays in construction projects in the 1970s were primarily caused by U.S. government regulation of gasoline prices. The government established price controls, which resulted in shortages and long lines at gas stations as well as delays in construction projects that required fuel. This policy also discouraged investment in domestic oil production and exploration, which exacerbated the problem.

Economists Blame the Long Lines at Gasoline Stations in the United