Which Statement Does NOT Describe OPEC

question 120

Multiple Choice

Which statement does NOT describe OPEC?

• A)OPEC is the Organization of Petroleum Exporting Countries.
• B)OPEC is an international cartel made up of 12 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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