[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fVgyT1moU7xeyLlYqIg9bo91Z6q0Ixun6ou_XwDsCk0Q":3},{"answer":4,"createTime":5,"id":6,"options":7,"origin":12,"question":19,"related":20,"source":29,"type":56},[],"2025-06-29 23:37:38",209713616,[8,9,10,11],"Price of crude oil quadruples","Oil exporting countries (OPEC) gain revenue","Inflation increases helping to cause a global economic slowdown","Oil-importing developing countries borrow US$ to pay for essential imports of oil",{"count":13,"courseId":14,"courseImg":15,"courseName":16,"workId":17,"workName":18},14,"53e1d2ef4961cca8eea3e23969ad2cb9","https:\u002F\u002Ftihai-oss-cloud.itihey.com\u002Fimg\u002F03a579384a6dc297c89809b582fcc767.png","默认课程","work_43357188","lecture 11 The Debt Crisis","Phenomena of the first oil crisis include( )",[21,31,38,46,53,57,65,73,80,87],{"answer":22,"createTime":5,"id":23,"options":24,"question":28,"source":29,"type":30},[],209713609,[25,26,27],"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":32,"createTime":5,"id":33,"options":34,"question":37,"source":29,"type":30},[],209713610,[35,36,27],"Oil-importing developing countries","OPEC countries","deposit oil revenues in (western) commercial banks; these are mostly in US$",{"answer":39,"createTime":5,"id":40,"options":41,"question":45,"source":29,"type":30},[],209713612,[42,43,44],"commercial banks","international institutions","third world countries","Lower earnings for( )lead to difficulties in repaying US$ debt – or even the (increased) interest on that debt",{"answer":47,"createTime":5,"id":48,"options":49,"question":52,"source":29,"type":30},[],209713614,[50,42,51],"oil exporting countries","oil importing countries","In the first oil crisis,( )including both developed and developing struggle to pay the increased prices",{"answer":54,"createTime":5,"id":6,"options":55,"question":19,"source":29,"type":56},[],[8,9,10,11],1,{"answer":58,"createTime":5,"id":59,"options":60,"question":64,"source":29,"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":29,"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":29,"type":56},[],209713622,[77,78,11],"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":29,"type":56},[],209713624,[43,84,85],"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":29,"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( )"]