Which term refers to Mexico's state-owned oil monopoly?

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Master the AP Comparative Government Mexico Exam. Deepen your understanding with flashcards and multiple-choice questions, each with hints and explanations. Equip yourself with the knowledge to excel in your exam!

Multiple Choice

Which term refers to Mexico's state-owned oil monopoly?

Explanation:
The main idea is the national oil company that embodies the government’s control over oil resources. Petróleos Mexicanos, often shortened to PEMEX, is the official name of Mexico’s state-owned oil company, created after the 1938 oil expropriation that gave the state exclusive authority over exploration, production, refining, and distribution. For decades, PEMEX functioned as a government-run monopoly in oil, shaping revenue and policy for the country. The other terms describe broader concepts (a general category of state-owned firms; political patronage networks; or a period of growth) rather than naming the specific entity that has controlled Mexico’s oil. So the term that directly refers to the state-owned oil monopoly is Petróleos Mexicanos.

The main idea is the national oil company that embodies the government’s control over oil resources. Petróleos Mexicanos, often shortened to PEMEX, is the official name of Mexico’s state-owned oil company, created after the 1938 oil expropriation that gave the state exclusive authority over exploration, production, refining, and distribution. For decades, PEMEX functioned as a government-run monopoly in oil, shaping revenue and policy for the country. The other terms describe broader concepts (a general category of state-owned firms; political patronage networks; or a period of growth) rather than naming the specific entity that has controlled Mexico’s oil. So the term that directly refers to the state-owned oil monopoly is Petróleos Mexicanos.

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