Question 48
International Economic OrganisationsOne objective of the Organisation of Petroleum Exporting Countries (OPEC) is to
- A.harmonise and stabilize oil prices.
- B.ensure excess supply of oil to consuming countries.
- C.subsidise oil prices in member countries.
- D.assist member countries to exploit oil resources.
Show the answer and explanation
Answer: A (harmonise and stabilize oil prices.)
Explanation
OPEC co-ordinates members' policies to keep oil prices stable.