Which best describes the majority of countries in OPEC?

O

A. They would benefit most from the development of alternative

energy sources.

O

B. They are the most industrialized countries in the world.

O

c. Their economies rely heavily on exports.

O

D. Their economies are independent of industrialized countries.

Question

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Kamora Garrison

30 November, 12:15

Which best describes the majority of countries in OPEC?

O

A. They would benefit most from the development of alternative

energy sources.

O

B. They are the most industrialized countries in the world.

O

c. Their economies rely heavily on exports.

O

D. Their economies are independent of industrialized countries.

+5

Answers (1)

Know the Answer?

Carlos Cochran · Answer 1

Their economies rely heavily on exports.

Answer: Option C

Explanation:

OPEC is an organisation for countries that export petroleum. This organisation serves as a link between the oil producing countries. It fixes the price does the marketing provides a platform for the countries to sell their petroleum products.

There are 14 major oil producing countries which are into this organisation out of which the major oil producing countries like Russia, China and United States are not a part of it. Their countries economy is mainly dependent upon the exports. They are the ones deciding the market price where they always have it in a hike and enjoy shares in the global market.