Question | Answer |
what country built an economy based on advanced technology? | Isreal |
having oil reserves allow this country to invest in technology to allow them to produce goods needed | Saudi Arabia |
this country does not share in the oil/wealth money and has great oil wealth | Iran |
airlines, railroad, telephones, and tv is controlled by the goverment | Turkey |
what is the purpose of OPEC? | to help members develope policies on oil production and trade that will benifit each other |
what is the role of OPEC in the global oil market? | to raise and lower the price of oil accordint to market demand, royalty, and other factors |
yes or no. are all oil producing countries members of OPEC? | no |
yes or no. all of the OPEC members are in the middle east? | no |
who are the members of OPEC? | Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela |
OPEC means | organization of potroliem exporting countries |
the other 7 member countries are | Indoneisa, Lybia, United Arab Emrates, Algeria, Nigeria, Ecuador, and Angola |