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Economics Mcqs
Q
The OPEC oil cartel ?
AA. Has shown that is easy to achieve cooperation among cartel members
BB. Was successful in raising oil prices in the 1970s but was disbanded in the 1980s
CC. Has shown greater success in realizing profits during periods of global recession
DD. Has had a level of success in raising oil prices that other developing countries are unlikely to achieve with other primary commodities
Correct Answer:
D. D. Has had a level of success in raising oil prices that other developing countries are unlikely to achieve with other primary commodities
