[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fU5A_o5sKLxnG4aMgrngoxuE6YKmd9i3I3rR5fd_-gPA":3},{"answer":4,"createTime":5,"id":6,"options":7,"origin":11,"question":18,"related":19,"source":28,"type":29},[],"2025-06-29 23:37:38",209713614,[8,9,10],"oil exporting countries","commercial banks","oil importing countries",{"count":12,"courseId":13,"courseImg":14,"courseName":15,"workId":16,"workName":17},14,"53e1d2ef4961cca8eea3e23969ad2cb9","https:\u002F\u002Ftihai-oss-cloud.itihey.com\u002Fimg\u002F03a579384a6dc297c89809b582fcc767.png","默认课程","work_43357188","lecture 11 The Debt Crisis","In the first oil crisis,( )including both developed and developing struggle to pay the increased prices",[20,30,37,44,47,57,65,73,80,87],{"answer":21,"createTime":5,"id":22,"options":23,"question":27,"source":28,"type":29},[],209713609,[24,25,26],"Oil exporting countries","Oil importing countries","Commercial banks","seek profitable use,i.e. increased loans of US$ at variable market, rates of interest","v1",0,{"answer":31,"createTime":5,"id":32,"options":33,"question":36,"source":28,"type":29},[],209713610,[34,35,26],"Oil-importing developing countries","OPEC countries","deposit oil revenues in (western) commercial banks; these are mostly in US$",{"answer":38,"createTime":5,"id":39,"options":40,"question":43,"source":28,"type":29},[],209713612,[9,41,42],"international institutions","third world countries","Lower earnings for( )lead to difficulties in repaying US$ debt – or even the (increased) interest on that debt",{"answer":45,"createTime":5,"id":6,"options":46,"question":18,"source":28,"type":29},[],[8,9,10],{"answer":48,"createTime":5,"id":49,"options":50,"question":55,"source":28,"type":56},[],209713616,[51,52,53,54],"Price of crude oil quadruples","Oil exporting countries (OPEC) gain revenue","Inflation increases helping to cause a global economic slowdown","Oil-importing developing countries borrow US$ to pay for essential imports of oil","Phenomena of the first oil crisis include( )",1,{"answer":58,"createTime":5,"id":59,"options":60,"question":64,"source":28,"type":56},[],209713618,[61,62,63],"decreasing demand for third world exports","lower export earnings for third world economies","higher export earnings for third world economies","Global economic slowdown, partly caused by high interest rates, causes( )",{"answer":66,"createTime":5,"id":67,"options":68,"question":72,"source":28,"type":56},[],209713620,[69,70,71],"structural Adjustment Programs","economic growth","debt repayment","IMF lending only takes place under certain conditions( )",{"answer":74,"createTime":5,"id":75,"options":76,"question":79,"source":28,"type":56},[],209713622,[77,78,54],"Price of crude oil doubles","OPEC countries deposit oil revenues in (western) commercial banks","Phenomena of the second oil crisis include( )",{"answer":81,"createTime":5,"id":82,"options":83,"question":86,"source":28,"type":56},[],209713624,[41,84,85],"financial institutions","governments","With the debt crisis, major worry in( )occurs that the stability of the entire world economic system is threatened",{"answer":88,"createTime":5,"id":89,"options":90,"question":95,"source":28,"type":56},[],209713625,[91,92,93,94],"reduce subsidies","devalue the currency to encourage exports and discourage imports","privatise government-owned 'businesses'","encourage MNEs and Foreign Direct Investment","Structural Adjustment Programmes require governments taking loans from the IMF to( )"]