Iran Called on OPEC in November 2008 to Cut Production

question 264

Multiple Choice

Iran called on OPEC in November 2008 to cut production by a further 1 million to 1.5 million barrels per day when it meets in Cairo later this month. Why would OPEC, a cartel, restrict production?

• A) to decrease demand
• B) to increase supply
• C) to decrease quantity supplied
• D) to increase profits

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Definitions:

Depression

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Interracial

Pertaining to relationships or marriages between people of different racial backgrounds.

Intraracial

Pertaining to relationships or interactions that occur within the same racial group.

Victim-precipitated

Victim-precipitated refers to situations in which a victim’s actions or behavior contribute to the occurrence of a crime against them.