OPEC stands for _________

OPEC's objective is to _______

True or False: OPEC decides the price and amount of oil produced

How many countries are members of OPEC?

OPEC can 'stabilize' oil prices. What does this mean?

Price fixing is when

Specialization + Trade =

Which is an example of specialization

Which is an example of specialization?

Which is NOT an example of a trade barrier?

Why would the US impose a tariff?

Why would the US impose a quota

Why would the US impose an embargo?

Another word for money is ______

Countries who have a large amount of capital goods tend to have a _______ GDP.

The number that determines how much one country's money is worth in another county is known as ________________

________ protect local manufacturers from competition by keeping cheaper goods from coming in

Which is not example of economic growth?

These two countries encourage entrepreneurship:

Countries who have an educated labor force tend to have a ________ GDP.

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