What is the international cartel that inflates the price of oil by limiting supply, with members including Venezuela, Saudi Arabia, and the UAE?

• A. NATO
• B. OAS
• C. G20
• D. OPEC

Answer: (D)

The idea being tested is how an oil-producing group can influence prices by controlling how much oil is produced. OPEC is a cartel that coordinates production quotas among its member countries. When they agree to limit output, overall supply tightens, pushing global oil prices higher. Venezuela, Saudi Arabia, and the UAE are among its members, which gives the group significant influence over the market.

NATO is a military alliance, OAS is a political organization of American states, and the G20 is a forum of major economies; none of these coordinate oil production or act as an oil cartel, so they don’t fit the scenario described.