Why would nations in Latin America be part of a mostly Arab cartel group known as OPEC?
a. Latin America refused to do business with countries that were not part of OPEC.
b. Natural resources such as oil are a major economic development for some Latin American countries.
c. Latin America has a long history of distrust of the United States and fears a take-over of oil fields.
d. Latin American nations such as Venezuela needed help in getting natural resources to other parts of the world
Answers
Answer:mark me brainliest plsssssssssss
Explanation:
Organization of the Petroleum Exporting Countries (OPEC) .The Organization of the Petroleum Exporting Countries (OPEC) is a group consisting of 14 of the world’s major oil-exporting nations. OPEC was founded in 1960 to coordinate the petroleum policies of its members and to provide member states with technical and economic aid. OPEC is a cartel that aims to manage the supply of oil in an effort to set the price of oil on the world market, in order to avoid fluctuations that might affect the economies of both producing and purchasing countries. Countries that belong to OPEC include Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela (the five founders), plus the United Arab Emirates, Libya, Algeria, Nigeria, and five other countries.