question archive OPEC works by: a
OPEC works by: a
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- OPEC works by:
a. Demanding that a member nation boycott any company that refuses to follow its rules
b. Nationalizing the oil industry in each member nation
c. Setting a uniform price among its members at which oil will be taxed
d. Setting a unified global price for oil
e. both a and c
- OPEC's influence has caused:
a. Fuel shortages in the US
b. The Yom Kippur war to end
c. Wealth inequality in oil producing regions
d. All of the above
e. None of the above
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1. OPEC works by unifying the oil industry to each member nation.
B. Nationalizing the oil industry in each member nation
2. OPEC's influence does not cause Yom Kippur war to end because their choice for oil embargo for the nation supporting Israel, is futile.
But it does cause Fuel Shortage in the US during that time.
A. Fuel shortages in the US
