Russia, Iran and Qatar Made the First Serious Moves in October

question 132

Multiple Choice

Russia, Iran and Qatar made the first serious moves in October 2008 toward forming an OPEC-style cartel on natural gas. What is the goal of a cartel?

• A) restrict output
• B) raise prices
• C) increase sales
• D) increase profits

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Definitions:

Goal Statement

A clear, concise declaration of the objectives one aims to achieve.

Developing

Pertains to the process of growth, progress, or advancement in various contexts, such as countries, economies, or personal skills.

Ethical Dilemma

A situation in which a difficult choice has to be made between two or more options, especially ones that are morally right by equally unsatisfactory.

Rational and Logical

Pertains to decision-making or thought processes that are based on reason and clear, sound judgement.