Multiple Choice
Which statement is true?
A) OPEC is responsible for over 80 percent of the world's oil exports.
B) In early March 2008,when the price of a barrel of oil passed the $100 mark,economists thought OPEC with their market power might increase production to prevent further increases.
C) OPEC has lowered the price of oil by holding down output.
D) None of the statements are true.
Correct Answer:
Verified
Correct Answer:
Verified
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