Which of the Following Does Not Describe OPEC

question 207

Multiple Choice

Which of the following does not describe OPEC?

• A)OPEC is the Organization of Petroleum Exporting Countries.
• B)OPEC is an international cartel made up of 13 oil-producing countries and two unofficial members.
• C)OPEC is the cartel that was responsible for the large increases in crude oil prices in the 1970s.
• D)OPEC is the name of the free-trade zone encompassing the Middle East and other oil-producing nations.

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Definitions:

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to streamline and harmonize the laws of sales and other commercial transactions across states.

Good Faith Purchaser

An individual who buys property without knowledge of any existing claims, disputes, or encumbrances against it, thereby acquiring legal protection for their purchase under certain conditions.

Voidable Title

A legal situation where the transfer of title to property is valid until the original owner seeks to annul it due to certain conditions.

Post-Structuralist

An approach in various academic disciplines that emphasizes the idea that meaning is constructed, dynamic, and context-dependent, challenging the idea of fixed structures and universal truths.