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.

---

Definitions:

Melting

The process of turning a solid into a liquid by applying heat.

Shoreline

The shoreline is the boundary line where land meets a body of water, such as an ocean, sea, lake, or river.

Prevailing Winds

Winds consistently coming from one main direction at a specific location on Earth's surface.

Erosive Effects

The results or impacts of erosion, the process by which material from the Earth's surface is worn away by forces such as water, wind, and ice.