Question

The nations of OPEC chose to cooperate primarily in order to

Answer 1

Answer:

D. manage the supply of a natural resource

Explanation:

OPEC is the abbreviation of Organization of the Petroleum Exporting Countries which is established at 1960. Its primary objective is coordinate the petroleum prices and ensure the market stabilization for petroleum products. In today’s world they are highly influential powers in the petroleum products. OPEC member countries are present in Asia, Africa, North America and South America such as Algeria, Angola, Congo, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates and Venezuela.

Answer 2

It should be the third answer choice. The nations of OPEC chose to cooperate primarily in order to manage the supply of a natural resource. 

OPEC works to balance both the production and price of oil so that customers are able to receive a consistent supply of petroleum and investors in the industry are able to make profit from their investments.