Answer: To increase oil prices by controlling global supply
Explanation:
The Organization of Petroleum Exporting Countries (OPEC) was formed when some oil producing countries decided that it would be best to form a cartel that would dictate the supply of oil and in effect the price as well.
By forming a cartel, they would have more control over what price to charge other nations which would allow for more revenue to come into these countries. OPEC also uses its influence to impart global issues as they once refused to sell oil to western nations unless those nations criticized and restricted support for Israel.
It should be the third choice
Answer:
Price and quantity supplied
Explanation:
The supply curve is a graphic representation of the relationship between the cost of a good and the quantity supplied of this good for a particular time period. Therefore, two factors that are displayed in the supply curve are the price and quantity supplied. The supply curve changes when these factors change too. Normally, as the price of a commodity increases, the quantity supplied increases too (all else being equal). However, changes in production can cause the curve to move left and right. Similarly, changes in price can cause the graph to shift as well.
Answer:
I know Arabic. And I can answer questions in Arabic.
Answer:
The Federalists felt that the new federal courts were necessary to provide checks and balances on the power of the other two branches of government. They believed the federal courts would protect citizens from government abuse, and guarantee their liberty.
Explanation:
How did Federalists feel about federal government?
