By 1985, OPEC Had

question 68

Multiple Choice

By 1985, OPEC had:

• A) sustained effectiveness as a cartel.
• B) largely failed as a cartel.
• C) disbanded.
• D) not yet formed.

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Definitions:

Bureaucracy

A system of government or business that is characterized by specialized administrative departments and a hierarchy of authority.

Politicians

Individuals who are involved in governing or making policy in government institutions, often elected by constituents to represent their interests.

Scientists

Individuals engaged in a systematic activity to acquire knowledge that describes and predicts the natural world, often through empirical methods.

Capitalists

Individuals or entities that own capital, particularly in the form of investments and businesses, aiming to generate profits.