14. If export prices increase 5 percent and import prices 20 percent, the commodity terms of trade isa. 0.91.b. 0.88.c. 0.25.d XXXXXXXXXXThe Organization of Petroleum Exporting Countries (OPEC) is a...

14. If export prices increase 5 percent and import prices 20 percent, the commodity terms of trade isa. 0.91.b. 0.88.c. 0.25.d. 4.15. The Organization of Petroleum Exporting Countries (OPEC) is a ________ whose members have agreed to limit output and fix prices.a. duopoly.b. generalized system of tariff preferences.c. multifiber arrangement.d. cartel.16. The buffer stock managementa. secures more stable, remunerative, and equitable exchange rates for LDCs.b. facilitates capital stock overaccumulation in LDCs.c. buys and sells commodities to maintain prices within a certain range.d. subsidizes commodities that are important for national security reasons.