Which of the Following Is Not a Reason Why Natural

question 23

Multiple Choice

Which of the following is not a reason why natural resources tend to help dictators stay in power?

• A) Oil revenue helps keep taxes down.
• B) Dictators can hide information about the country's finances.
• C) Oil revenue helps buy the loyalty of the military.
• D) Oil revenue increases demands for accountability and representation.

---

Definitions:

Monopoly Model

A market structure where a single seller dominates the market, facing no competition, resulting in high prices and restricted output.

Total Revenue

The entire amount of income generated by the sale of goods or services before any expenses are subtracted.

Economic Profit

The financial difference between total inflow and aggregate outflow, covering both specific and unspecific costs.

Profit-Maximizing Price

The price at which a company can sell its product or service to achieve the highest possible profit.