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Social Studies, 12.11.2020 17:10 Toady7396

In 1960, Iran, Iraq, Kuwait, and Saudi Arabia joined Venezuela to form the Organization of the Petroleum Exporting Countries (OPEC). How did forming this

organization allow those four Southwest Asian countries to gain billions of dollars to

modernize their economies?

O By creating a surplus, OPEC nations were able to set the prices for oil.

By increasing demand, OPEC nations were able to set the prices for oil.

O By controlling supplies, OPEC nations were able to set the prices for oil.

By lowering demand, OPEC nations were able to set the prices for oil.

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