Multiple choice

Which of the following is an example of an economic cartel?

  1. WTO

  2. SAFTA

  3. OPEC

  4. EU
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

OPEC (Organization of the Petroleum Exporting Countries) is a classic example of an economic cartel - it coordinates oil production and pricing among member countries to control market supply. WTO and SAFTA are trade organizations promoting free trade, while EU is a political-economic union. Only OPEC functions as a cartel.

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