Difficulties in Mining Operations in Bougainville,Papua New Guinea,have Been Extremely

question 62

Multiple Choice

Difficulties in mining operations in Bougainville,Papua New Guinea,have been extremely costly to a number of Australian companies.The inherent form of risk here is __________ risk.

• A) economic
• B) social
• C) environmental
• D) political
• E) cultural

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Definitions:

International Commerce

The exchange of goods and services between countries around the world.

Horizontal Price-fixing

An illegal agreement between competitors to set prices at a certain level, rather than allowing them to be determined by market forces.

Antitrust Legislation

Laws designed to protect consumers and ensure fair competition in the marketplace by regulating anti-competitive conduct and monopolies.

Lawful

That which is permitted by law; adhering to legal statutes and regulations.