What international organization is effectively a cartel seeking to control prices and quantities of oil on the world market?
Correct answer: A. OPEC
- A. OPEC
- B. NATO
- C. OECD
- D. CPLP
Explanation
OPEC coordinates the petroleum policies of member states and seeks to influence oil production and prices. NATO is a security alliance, OECD is an economic policy forum, and CPLP links Portuguese-speaking countries.
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