What was a result of the 1973 oil crisis? A. It convinced countries to invest in protecting the environment.
B. It improved labor markets affected by international trade.
C. It greatly reduced the pace of economic globalization.
D. It contributed to inflation and a brief depression.

B

Explanation:

The onset of the embargo contributed to an upward spiral in oil prices with global implications. The price of oil per barrel first doubled, then quadrupled, imposing skyrocketing costs on consumers and structural challenges to the stability of whole national economies.

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