In November 2012,there Was Some Discussion of Several South-Asian Countries

question 96

Multiple Choice

In November 2012,there was some discussion of several south-Asian countries joining together to restrict the supply of rice to the world market.Between them,these countries' exports of rice account for 40% of the total global trade.What would they be trying to accomplish?

• A)They are attempting to form a cartel,increase their joint output,and control a larger percentage of the total global trade.
• B)They are attempting to price discriminate between consumers of their exported rice,thereby increasing their share of the global trade and increasing their joint profits.
• C)They are attempting to form a cartel,jointly restrict output,and increase the world price of rice.
• D)They are attempting to act as a bloc to restrict entry of new producers to the world market,and thereby protect their joint profits.
• E)They are attempting to form a cartel,drive other producers out of the world market and then increase their output of rice.

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The portion of the cost of a tangible fixed asset that is considered consumed or used up in the operations of a business each month.

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