Within OPEC, cheating is associated with:
A) holding oil reserves without reaching quota.
B) meeting quota.
C) zero production.
D) producing oil beyond quota.

Question

Quizplus · Accepted Answer

Cheating within OPEC refers to producing oil beyond the agreed upon quota. This is because OPEC aims to regulate global oil supply by limiting member countries' production to maintain stable oil prices. When a country produces more than its quota, it creates an oversupply in the market, leading to a drop in oil prices. Therefore, cheating is seen as a violation of the agreement and can lead to sanctions or penalties.

Within OPEC, Cheating Is Associated With