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 29 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?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

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.

The basic structure of a spermatozoon (SPERM). The basic structure of a spermatozoon (SPERM).
Stereotypes, which play such a profound role in social life, are a basic area of sociological ... Stereotypes, which play such a profound role in social life, are a basic area of sociological ...
The tools necessary to adjust the valves on an engine with adjustable rocker arms include basic hand ... The tools necessary to adjust the valves on an engine with adjustable rocker arms include basic hand ...
Typical ignition timing map developed from testing and used by the vehicle computer to provide the ... Typical ignition timing map developed from testing and used by the vehicle computer to provide the ...
Human civilization developed during the most recent interglacial stage Human civilization developed during the most recent interglacial stage
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
Video: Inflammation

For a complete list of videos, visit our video library