OPEC Has Coordinated a Reduction in Supply That Was

question 488

Multiple Choice

OPEC has coordinated a reduction in supply that was

• A)effective in insulating the members from the decrease in demand in the late 2000s.
• B)more profitable in the long run than in the short run.
• C)profitable in both the short run and the long run.
• D)more profitable in the short run than in the long run.

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Definitions:

Chattel

Personal property that can be moved, often used historically to refer to slaves as property.

Jamestown Census

The historical recordings of the population and demographic information of the Jamestown settlement, the first permanent English settlement in the Americas, established in Virginia in 1607.

Blacks

A term referring to people of African descent, often used in the context of discussing ethnic, cultural, or racial identity and issues.

Indentured Servants

Indentured servants were individuals who agreed to work for a certain number of years in exchange for transportation to the New World and, once they arrived, food, clothing, and shelter.