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

Author Question: The basic strategy of the OPEC cartel is to A) assure that developed nations get as much crude as ... (Read 33 times)

Bernana

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


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

D

Answer to Question 2

C


Bernana

  • Hero Member
  • *****
  • Posts: 530
Reply #2 on: Jul 16, 2018
TY


lkoler

  • Sr. Member
  • ****
  • Posts: 358
Reply #3 on: Jul 16, 2018
Happy to Help


« previous next »
 

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Linear alopecia developed in this man from daily wearing of his military uniform cap Linear alopecia developed in this man from daily wearing of his military uniform cap
English and Dani basic color terms. English and Dani basic color terms.
International Television Viewing Rates in Childhood In most developed countries, children watch TV International Television Viewing Rates in Childhood In most developed countries, children watch TV
Crude Oil Crude Oil
Eating a variety of foods from all food groups is the best strategy to meet your daily mineral needs Eating a variety of foods from all food groups is the best strategy to meet your daily mineral needs
Many hunger-relief programs work to provide food aid to needy nations Many hunger-relief programs work to provide food aid to needy nations
Video: Pericarditis

For a complete list of videos, visit our video library