SS7E5d OPEC

Front

Where are most of the countries of OPEC located? Options: Africa, South American, North American, Southwest Asia

Back

Southwest Asia

Front

Why was OPEC created?

Back

To regulate the supply and price of oil

Front

What happens to the price of oil when OPEC countries decide to limit production?

Back

prices rise

Front

What country consumes more oil than they produce? Options: Iran, USA, Kuwait, Saudi Arabia

Back

USA

Front

What is the major natural resource of the Middle East?

Back

Oil

Front

Which industry does the government of Saudi Arabia heavily control? Options: oil, technology, agricultural, textile manufacturing

Back

oil

Front

What happens to the price of oil when OPEC countries decide to limit production?

Back

prices rise

Front

What does OPEC stand for?

Back

Organization of Petroleum Exporting Countries

Front

Which group has been an example for successfully determining the amount and price of a world-wide commodity?

Back

Organization of Petroleum Exporting Countries

Front

Which nation leads the Middle East region in the production and export of oil?

Back

Saudi Arabia