Question 50
International Economic OrganisationsWhich of the following is an objective of OPEC? To
- A.prevent fluctuation in prices of all commodities
- B.protect the economic interest of all countries
- C.control the level of output of oil
- D.discover oil in all countries.
Show the answer and explanation
Answer: C (control the level of output of oil)
Explanation
OPEC sets production quotas to control oil output and prices.