Tags Economics

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Business>Economics

How has OPEC influenced the world economy?

Anonymous

∙ 14y ago

Updated: 4/28/2022

Nathan adkins said what ever you think

Wiki User

∙ 14y ago

Still curious? Ask our experts.

Chat with our AI personalities

Fran

I've made my fair share of mistakes, and if I can help you avoid a few, I'd sure like to try.

Chat with Fran

Rene

Change my mind. I dare you.

Chat with Rene

Lao

The path is yours to walk; I am only here to hold up a mirror.

Chat with Lao

Add your answer:

Earn +20 pts

Q: How has OPEC influenced the world economy?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Economics

What countries have an economy based largely on the production and sale of energy?

The OPEC countries, and other non-OPEC oil exporters (such as Russia).

What was a lasting effect of the OPEC embargo in the 1970s on the US economy?

reduced use of petroleum

What impact can OPEC decisions have on the world?

The roe of OPEC is to regulate the petroleum industries among member countries. OPEC stands for Organization of the Petroleum Exporting Countries.

Which of the following was a lasting effect of the OPEC embargo in the 1970s on the US economy?

reduced use of petroleum

What is the organization that controls much of the world's oil supply?

OPEC

Trending Questions

What is economics in China? What was Dow Jones average on January 1 2013? Should economics be considered a science? What are economic goals emphasized in a command economy? What was a major change experienced by European economies between the feudal period and the Commercial Revolution? Who is the famous entrepreneur? What are retail firms? What would 1500000 pounds in 1911 be worth today? Which best type of account for money you use to pay regular bills? Which of these is the BEST example of debt? What are the advantages and disadvantges of under writing to the modern business? What effect did Ford's WIN strategy have on the economy? Why is eskom a monopoly? How much is 100 dollars in rupees? How much money did a cooper earn in the 18th century? Economics is controled by which of these? Difference between laissez- faire and mercantilism? What is elasticity and what are a few characteristics of an elastic good? What are roles of organization in management of organization? What is the cycle followed by the housing market?

Related Questions

What countries have an economy based largely on the production and sale of energy?

The OPEC countries, and other non-OPEC oil exporters (such as Russia).

What was a lasting effect of the OPEC embargo in the 1970s on the US economy?

reduced use of petroleum

What impact can OPEC decisions have on the world?

The roe of OPEC is to regulate the petroleum industries among member countries. OPEC stands for Organization of the Petroleum Exporting Countries.

Which of the following was a lasting effect of the OPEC embargo in the 1970s on the US economy?

reduced use of petroleum

What action did OPEC take in 1973 against the US and what impact did it have on the American economy?

The 1973 Oil Crisis.

What influenced people during the 1950s and the 1960s?

The end of world war 2, computers, television automobiles, economy, and technology

How does OPEC influence the world politic?

OPEC influences world politics by wielding significant power over global oil prices through production decisions and policies. By controlling a large portion of the world's oil reserves, OPEC countries can leverage their influence to shape geopolitical relationships and negotiations with other nations. Additionally, OPEC's decisions can impact energy security, economic stability, and international relations across the globe.

What is the organization that controls much of the world's oil supply?

OPEC

Why was OPEC created?

To regulate petroleum prices around the world.

How has Europe influenced the Canadian economy?

they liked their laungage

What percentage of the world's oil supply is produced by OPEC?

40 percent

What is the country that imports the second most oil from OPEC in the world?

Japan

Still have questions?

imp

Resources

Top Categories

Product

Company

Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.