OPEC is:
A) the Organization of Petroleum Exporting Countries.
B) an international cartel made up of oil-producing countries.
C) the cartel that was responsible for the large increases in crude oil prices in the 1970s.
D) described by all of these answer choices.

Question

Quizplus · Accepted Answer

OPEC is indeed the Organization of Petroleum Exporting Countries, it functions as an international cartel of oil-producing countries, and it was responsible for significant increases in crude oil prices in the 1970s.

OPEC Is