The OPEC oil cartel ?

Trade Policies For the Developing Nations 14/05/2021

A. has shown that is easy to achieve cooperation among cartel members
B. was successful in raising oil prices in the 1970s but was disbanded in the 1980s
C. has shown greater success in realizing profits during periods of global recession
D. has had a level of success in raising oil prices that other developing countries are unlikely to achieve with other primary commodities

Related Mcqs:

    Most of developing-country exports consist of ?
    A. primary products such as tin and bauxite B. intermediate products C. labor-intensive agricultural products D. labor-intensive manufacturing products...
    Tariff levels in advanced countries tend to be __________ tariff levels in developing countries?
    A. higher than B. equal to C. lower than D. there is no general pattern...
    The Generalized System of Preferences (GSP) program allows ?
    A. developing country export to advanced countries to receive preferential tariff treatment B. developing country imports from advanced countries to receive preferential tariff treatment C. any developing country to ignore the most-favored nation clause D. any advanced country to ignore the most favored-nation clause...
    Which of the following strategies have developing countries not used to deal with the problem of unstable export markets ?
    A. multilateral contracts B. production and export controls C. buffer stock arrangements D. tariff-rates quotas...
    Because supply and demand conditions for primary products are very price inelastic their prices ?
    A. have been steadily rising in recent decades B. have been more stable than the prices of manufactured goods C. fluctuate about as much as the prices of manufactured goods D. tend to be very unstable from year to year...

Leave a Reply

Your email address will not be published. Required fields are marked *