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 18 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?

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?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Successful agriculturalists must have a basic understanding of landscape structure and process. Thes Successful agriculturalists must have a basic understanding of landscape structure and process. Thes
The social movement that centers on the environment has become global. In all nations, people are ... The social movement that centers on the environment has become global. In all nations, people are ...
The basic steps in hemostasis. The basic steps in hemostasis.
The crude oil refining showing most of the major steps and processes. The crude oil refining showing most of the major steps and processes.
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 ...
Deforestation in developing nations Deforestation in developing nations
Video: Inflammation and Fever

For a complete list of videos, visit our video library