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Author Question: The basic strategy of the OPEC cartel is to A) assure that developed nations get as much crude as ... (Read 32 times)

Bernana

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on: Jul 16, 2018
The basic strategy of the OPEC cartel is to
 
  A) assure that developed nations get as much crude as oil as they need.
  B) give priority to developing nations who want to use oil to boost industrial progress.
  C) produce all their proven reserves as quickly as possible to keep prices and demand high.
  D) control production and keep the market price as high as possible without discouraging major buyers.

Question 2

About 15 years after the 1973 oil crisis,
 
  A) the consumption of oil in the United States doubled.
  B) U.S. automobiles were no more fuel efficient than before.
  C) world oil production exceeded consumption and prices fell sharply.
  D) world oil prices skyrocketed.


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lkoler

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Reply #1 on: Jul 16, 2018
Answer to Question 1

D

Answer to Question 2

C


Bernana

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Reply #2 on: Jul 16, 2018
TY


lkoler

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Reply #3 on: Jul 16, 2018
Happy to Help


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