WAEC Economics 2015 Objective — Question 50
Question 50 of 50 from the West African Examinations Council (WAEC) Economics 2015 Objective paper, with the correct answer and a full explanation.
Advertisement
Which of the following is an objective of OPEC?
- A. To prevent fluctuation in prices of all commodities
- B. To protect the economic interest of all countries
- C. To control the level of output of oilCorrect
- D. To discover oil in all countries
Explanation
OPEC's main objective is to coordinate and unify petroleum policies among member countries, which includes regulating (controlling) the level of oil output/production by giving quotas to members.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.