If you lived under an economic system in which the government controlled all aspects of production, which economic system would this be?

a. traditional economy
b. market economy
c. planned economy
d. mixed economy

C. Planned Economy is the answer. A planned economy is an economy  in which production, investment, prices, and incomes are determined centrally by a government. It is not a traditional economy because in the question economy is not runed by tradition. A market economy is an economy ran by the people. A mixed economy is ran by the goverment, and the people. the question only says ran by the goverment, and not by the people thats why both of those answers are incorrect.

the outcome of 1970 oil crisis in united states was that, they began to search ways on how to reduce oil.

in 1970 was a period when there were energy and oil crisis. those who were major centers for industrialization were forced to keep way from supplying of petroleum.

some of the result of this crisis was economic growth became stagnant because prices of oil surged.

due to the increased prices some countries like mexico and norway benefited.