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 17 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?

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?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Effect of pH on drug absorption: (a) a weak acid such as aspirin (ASA) is in a nonionized form in an Effect of pH on drug absorption: (a) a weak acid such as aspirin (ASA) is in a nonionized form in an
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
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ... Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ...
Balance the given redox reduction equation in basic solution using the half reaction method Balance the given redox reduction equation in basic solution using the half reaction method
The medulla and the midbrain are largely developed at birth The medulla and the midbrain are largely developed at birth
Video: Oxygen transport - methods and oxyhemoglobin

For a complete list of videos, visit our video library