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olga nikolaevna [1]
3 years ago
7

In 1960, Iran, Iraq, Kuwait, and Saudi Arabia joined Venezuela to form the

Social Studies
1 answer:
AfilCa [17]3 years ago
3 0

Answer:

By controlling supplies, OPEC nations were able to set the prices for oil.

Explanation:

OPEC which is an acronym of Organization of the Petroleum Exporting Countries was established in1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela and has been increased to fifteen countries presently through the controlling of supplies.

OPEC nations were able to set oil prices to have control over the demands and supplies. This helps the OPEC members, with the belief that controlling oil supplies leads to equal aggregate demands and supply thereby leaving no surplus of oil.

Hence, the collaboration generates more money for the members of OPEC

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Answer:

Some of the more sparsely populated regions of the world are found in Afghanistan, Syria, Iraq, the Arctic Circle, the Sahara, the Himalayan region of Asia, Iceland, Northwest Africa, the Outback of Australia, and Mongolia.

Macao, Monaco, Singapore, Hong Kong and Gibraltar are the five most densely populated. Singapore has nearly 8,000 people per km2 – more than 200 times as dense as the US, and 2000 times that of Australia.

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2 years ago
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Answer:

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3 years ago
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D

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