Which of the following is the MOST wellknown system of
Export quotas?
A)export quotas established by the Organization of Iron Ore Exporters (OIOE)
B)export quotas established by the International Cocoa Cartel (ICC)
C)export quotas established by the International Bauxite Organization (IBO)
D)export quotas established by the Organization of Petroleum Exporting Countries (OPEC)

Question

Which of the following is the MOST well­known system of
Export quotas?
A)export quotas established by the Organization of Iron Ore Exporters (OIOE)
B)export quotas established by the International Cocoa Cartel (ICC)
C)export quotas established by the International Bauxite Organization (IBO)
D)export quotas established by the Organization of Petroleum Exporting Countries (OPEC)

Quizplus · Accepted Answer

The Organization of Petroleum Exporting Countries (OPEC) is the most well-known system of export quotas, as it controls a significant portion of the global oil supply and often implements production quotas to manipulate prices and supply levels. The other options (OIOE, ICC, and IBO) are all examples of organizations that have implemented export quotas in their respective industries, but they are not as widely recognized or influential as OPEC.

Which of the Following Is the MOST Well­known System of

Which of the Following Is the MOST Wellknown System of