JAMB Economics 2018 Objective — Question 10
Question 10 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2018 Objective paper, with the correct answer and a full explanation.
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One of the major goals of OPEC is to
- A. Set international price of crude oil
- B. Protect member countries
- C. Protect crude oil production
- D. Control crude oil supply of member countriesCorrect
Explanation
OPEC, as a cartel, coordinates and controls crude oil supply among its member countries to influence prices.
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