Question

Read the following passage carefully and answer the given questions. Certain words/phrases are given in bold to help you locate them while answering some of the questions.
What has the impact of the drop in oil prices been?

• A. Exploration of natural gas resources has risen.
• B. The dollar has fallen sharply.
• C. OPEC has decided to restrict its production of oil.
• D. Economic depression in oil importing countries.
• E. Drastic fall in demand.

Answer 1

The correct option is C OPEC has decided to restrict its production of oil.

The impact is "OPEC has decided to restrict its production of oil".