by Mahdi Ayat.
Question by 392: What country has an abundant amount of a resource and then trades it to other countries overpriced?
What country has a large amount of a resource that is essential (for example gas, coal, oil) and then trades it to other countries for a lot of money?
Please say the countries (:
Answer by Oliver
Why is it overpriced? If one country purchases it for that price then that would be the market price for that resource. Why would the country pay that amount if it could get it cheaper elsewhere?
What do you think? Answer below!