This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Iran called on OPEC in November 2008 to cut production by a further 1 million to 1.5 million barrels ... (Read 147 times)

bb

  • Hero Member
  • *****
  • Posts: 544
on: Jun 29, 2018
Iran called on OPEC in November 2008 to cut production by a further 1 million to 1.5 million barrels per day when it meets in Cairo later this month. Why would OPEC, a cartel, restrict production?
 
  A) to decrease demand
  B) to increase supply
  C) to decrease quantity supplied
  D) to increase profits

Question 2

Rent seeking is devoted to the creation of
 
  A) monopolies.
  B) competitive industries.
  C) human capital.
  D) more elastic demand.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Danny Ewald

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


bb

  • Hero Member
  • *****
  • Posts: 544
Reply #2 on: Jun 29, 2018
Correct answers!


Danny Ewald

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Persian leopard (Panthera pardus ciscaucasica), also called Caucasian leopard Persian leopard (Panthera pardus ciscaucasica), also called Caucasian leopard
Platycnemididae are a family of damselfly called white-legged damselflies. Platycnemididae are a family of damselfly called white-legged damselflies.
The anterior pituitary is sometimes called the master gland because it secretes many hormones that r The anterior pituitary is sometimes called the master gland because it secretes many hormones that r
On November 11, 1887, four anarchists were hanged in Chicago on charges that they had thrown a bomb On November 11, 1887, four anarchists were hanged in Chicago on charges that they had thrown a bomb
Mechanism of action of anti-parkinson drugs. (a) Levodopa therapy increases dopamine production; (b) ... Mechanism of action of anti-parkinson drugs. (a) Levodopa therapy increases dopamine production; (b) ...
World Crude Oil Production, 1900–2010 World Crude Oil Production, 1900–2010
Video: PET Scan Animation

For a complete list of videos, visit our video library