Petrodollars and the Power of OPEC Quiz

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Petrodollars and the Power of OPEC: a General level Economics quiz. Test your knowledge with 13 questions!
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Questions

Question 1
What is the main commodity controlled by OPEC?
A Oil
B Wheat
C Gold
D Steel
Question 2
What is the 'Petrodollar' system?
A Oil traded in Gold
B Oil traded in Yen
C Oil traded in USD
D Oil traded in Euro
Question 3
OPEC influences the global economy by:
A Building cars
B Printing money
C Setting production levels
D Closing borders
Question 4
When oil supply is restricted, prices usually:
A Go down
B Disappear
C Stay flat
D Go up
Question 5
Why is the US dollar used for oil trade?
A Low tax
B Small supply
C Stability
D Old law

📋 This quiz has 13 questions in total.

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