During periods of weak demand,the Organization of Petroleum Countries has implemented production (export) quotas to ensure that excess oil supplies be kept off the market.

Question

Quizplus · Accepted Answer

This is true. OPEC has implemented production quotas in the past to address periods of weak demand and oversupply in the oil market. The quotas aim to reduce the amount of oil that is produced and exported, which helps to balance supply and demand, and support oil prices.

During Periods of Weak Demand,the Organization of Petroleum Countries Has