A group of countries that could effectively control export volume to keep their export prices, revenues, and economic growth stable or high is known as a(n)_____.

Question

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A group of countries that come together to form an export cartel can control the export volume and hence, can keep their export prices, revenues, and economic growth stable or high. In an export cartel, the member countries work together to limit the supply of a particular product or products, thereby increasing the prices and revenues for the exporting countries. Generally, such practices are discouraged in international trade as they lead to unfair practices and reduced competition.

A Group of Countries That Could Effectively Control Export Volume