AP World History : Trade, Commerce, and Market Competition

Study concepts, example questions & explanations for AP World History

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Example Questions

Example Question #71 : Trade, Commerce, And Market Competition

What is the primary goal of OPEC?

Possible Answers:

to promote Arab nationalism

to prevent the United States from gaining access to Middle Eastern oil

to remove barriers to trade and freedom of movement in Europe and the Middle East

to control the global price of oil

to restrict freedom of movement in Europe and the Middle East

Correct answer:

to control the global price of oil

Explanation:

OPEC, or the Organization of the Petroleum Exporting Countries, was founded in 1960. The primary goal of OPEC has always been to regulate the supply of oil in the global market and keep prices of oil steady and favorable for the oil exporting nations. Member nations include Algeria, Ecuador, Venezuela, Saudi Arabia, Iran, and Iraq.

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