2p-WTO & OPEC_Int.Org._2024

2p-WTO & OPEC_Int.Org._2024

University

20 Qs

quiz-placeholder

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2p-WTO & OPEC_Int.Org._2024

2p-WTO & OPEC_Int.Org._2024

Assessment

Quiz

Other

University

Easy

Created by

Jose Manuel Rodriguez Llamas

Used 3+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main objective of the World Trade Organization?

Promote free trade

Ensure fair trade practices

Resolve trade disputes

Provide a platform for negotiations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When was the WTO set up?
1995
1949
1945
1980

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

WTO is the successor of?

IMF

GATT

EFTA

SAPTA

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mostly, Middle Eastern Nations that work together with setting prices and production levels of oil

OPEC (Organization of petroleum exporting Countries)

NAFTA (North American Free Trade Agreement)

EU (European Union)

WTO (World Trade Organization)

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why was OPEC created?
To regulate the supply and price of oil
to help the Palestinians in their problems with Israel
to design new machinery to get oil out of the ground
to keep countries that are not members from producing any oil

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What happens to the price of oil when OPEC countries decide to limit production?
prices rise
Prices Drop
prices stay the same
oil stops being sold

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does OPEC stand for?

Organization of Petroleum Excelling Countries

Oil Producing of the Equilibrium Countries

Organization of Petroleum Exporting Countries

Oil, Petroleum, and Excellent Countries

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