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

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

• A. Petróleos Mexicanos
• B. Parastatals
• C. Patron-Client System
• D. Mexican Miracle

Answer: (A)

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.