Which of the Following Explains Why It Is Typically Easier

question 84

Multiple Choice

Which of the following explains why it is typically easier to maintain a cartel in a natural resource than in a manufactured good?

• A) Natural resources are usually more valuable than manufacturing goods.
• B) Natural resources are only found in certain places.
• C) Manufacturing goods are hard to replace.
• D) Supply of natural resources tends to be more elastic than supply of manufacturing goods.

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Definitions:

Capital Losses

Financial losses incurred when a capital asset is sold for less than its purchase price.

Tax-exempt Bonds

Bonds issued by governmental entities or certain non-profits that do not require the bondholder to pay taxes on the interest earned, making them an attractive investment option.

Charitable Contributions

Donations made to qualified organizations that may be deductible from taxable income if itemized.

Travel Expenses

Travel expenses are costs associated with traveling for the purpose of conducting business, deductible under IRS regulations.