With large natural diamond deposits, South Africa is famous for its diamond exports. The international demand for diamonds for industrial and other purposes such as jewelry has led to the production of synthetic diamonds by other countries such as the United States. Which answer best describes the concept highlighted in this scenario?
A) International cooperation has reduced over the years.
B) Consumers prefer synthetic diamonds to natural ones.
C) Prices provide incentives for sellers.
D) Markets are no longer linked together.

Question

Quizplus · Accepted Answer

The scenario highlights how the international demand for diamonds has led to the production of synthetic diamonds by other countries, showing that prices provide incentives for sellers.

With Large Natural Diamond Deposits, South Africa Is Famous for Its