Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. what is opec and how would it be described in econ

What is OPEC and how would it be described in economic terms? 200 words

50.1K

Verified Solution

Question

Economics

What is OPEC and how would it be described in economic terms?200 words

Answer & Explanation Solved by verified expert
3.7 Ratings (310 Votes)
The membership objective of OPEC is to coordinate and unify the petroleum policies of its member countries and ensure the stability of the oil markets in order to ensure an secure economic and regular supply of petroleum to customers a steady income for producers and a reasonable return on capital for those investing in the petroleum    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

10. Six Measures of Solvency or Profitability The following data were taken from the financial statements of Gates...

Biology
1.2K views

During photosynthesis in plants what is the source of the carbon in the glucose sugar...

Physics
1.2K views

Potential difference of 100 0 V is applied across two capacitors in series as shown...

Physics
1.2K views

A 60 0 kg skater begins a spin with an angular speed of 6 0...

Calculus
1.2K views

1 represents of the circumference of the unit circle

Algebra
1.2K views

State the domain of the function f x Domain 3x 6x 2x 6x 20 using...

Accounting
1.2K views

Question 4 of 10 -11 In what sectionof the statement of...

Accounting
1.2K views

please show work. s 9780134491936/ch/6/16874/278/3072727400 ens VRV Home of Your TEFL Worldwide Pra...

Accounting
1.2K views

P13-2B Dougherty Corporation had the following stockholders' equity accounts on January 21, 2012: Common Stock...

Accounting
1.2K views

Calistoga Produce estimates bad debt expense at 0.50% of credit sales. The company reported accounts...

Accounting
1.2K views

prepare an unadjusted trial balance, then ajusting entries, an adjusted trial balance, income statement,statement of...

Accounting
1.2K views

Lowell Bank reported the following checking account fees: $2.70 to see a real-live teller, $28.70...