Which of the Following Was Not a Reason OPEC Failed

question 73

Multiple Choice

Which of the following was not a reason OPEC failed to keep the price of oil high?

• A)Over the long run, producers of oil outside of OPEC responded to higher prices by increasing oil exploration and by building new extraction capacity.
• B)Consumers responded to higher prices with greater conservation.
• C)Consumers replaced old inefficient cars with newer efficient ones.
• D)The agreement OPEC members signed allowed each country to produce as much oil as each wanted.

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Definitions:

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American Association of Medical Assistants

An organization that provides certification, education, and support for medical assistants in the United States.

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A healthcare worker trained to perform a wide range of tasks across various disciplines and functions in the healthcare field to improve efficiency and care.