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Question
which group is an example of a commodity organization?
european union
world trade organization
north american free trade agreement
organization of petroleum exporting countries
A commodity organization focuses on coordinating the production, pricing, and trade of a specific raw material/commodity. The European Union is a political and economic union, the World Trade Organization regulates global trade broadly, and NAFTA was a regional free trade agreement. Only the Organization of Petroleum Exporting Countries (OPEC) is dedicated to managing the production and trade of a single commodity (petroleum).
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Organization of Petroleum Exporting Countries