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 118 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?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

In 2008, Barack Obama was elected president of the United States, the first minority to achieve this ... In 2008, Barack Obama was elected president of the United States, the first minority to achieve this ...
Detonation is a secondary ignition of the air–fuel mixture. It is also called spark knock or ... Detonation is a secondary ignition of the air–fuel mixture. It is also called spark knock or ...
Total Fertility Rate in the United States, 1860–2008 Total Fertility Rate in the United States, 1860–2008
Structures of Voice Production Structures of Voice Production
ATP Production in Cardiac Muscle ATP Production in Cardiac Muscle
Earth 340 Million Years Ago Earth 340 Million Years Ago
Video: Ear Animation

For a complete list of videos, visit our video library