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Which of the following is a cartel ?

Correct answer: A. OPEC

  • A. OPEC
  • B. ASEAN
  • C. NAFTA
  • D. European Union

Explanation

OPEC is often described as a cartel because its member oil-producing states coordinate petroleum production and export policies. ASEAN, NAFTA and the European Union are regional cooperation or integration groupings rather than cartels.

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About International Organizations

International Organizations covers the purposes, headquarters, membership, structure and major functions of bodies such as the United Nations, WHO, UNESCO, IMF, World Bank, WTO, OIC, SAARC and NATO. It distinguishes their fields, such as health, finance, trade, security and regional cooperation, along with notable treaties and offices.

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