Question on: SS3 Economics - Historical Development of These International Financial Organizations

What is the main purpose of the Organization of the Petroleum Exporting Countries (OPEC)?

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A

To provide loans and technical assistance to developing countries

B

To coordinate oil production policies and stabilize oil prices

C

To promote economic development in Asia and the Pacific

D

To promote free trade and reduce trade barriers among member countries

 

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Correct Option: B

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