This topic contains a solution. Click here to go to the answer

Author Question: The basic strategy of the OPEC cartel is to A) assure that developed nations get as much crude as ... (Read 30 times)

Bernana

  • Hero Member
  • *****
  • Posts: 530
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lkoler

  • Sr. Member
  • ****
  • Posts: 358
Answer to Question 1

D

Answer to Question 2

C





 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

For a complete list of videos, visit our video library