Author Question: Which country that has used its large supply of oil to ensure the functioning of OPEC? A) Kuwait ... (Read 69 times)

lindiwe · **on:** Sep 4, 2018

Which country that has used its large supply of oil to ensure the functioning of OPEC?

A) Kuwait
B) Venezuela
C) Saudi Arabia
D) Qatar

Question 2

Why may the existence of world markets reduce the leverage that one state can exert over another in economic affairs?

A) Because the supply and demand curves cross at the equilibrium price.
B) Because the second state can find other partners.
C) Because bilateral relations between states are more important in economic affairs than they are in security affairs.
D) Because the distribution of benefits from trade may not be divided equally among participating states.