Question:
The United States still imports oil, but has a plentiful agricultural output and through exchange with ___________ nations (who often have a shortage of food) mutual benefit can be gained.
Answer
The United States still imports oil, but has a plentiful agricultural output and through exchange with OPEC nations (who often have a shortage of food) mutual benefit can be gained.
OPEC
OPEC stands for the Organization of the Petroleum Exporting Countries which is an intergovernmental organization oil demand supply market upstream downstream Vienna Austria.
Explanation
Over time in history, food was considered as a means of exerting pressure on the OPEC countries, through a “counter-embargo,” and some kind of agricultural export tax with the political consequences of food crisis reaching far beyond the new politics of food as power. It is clear that United States has the position of being the largest producer and exporter of food while the oil exporting nations have the shortage of this commodity
