In Most Cases, Which of the Following Is True About

question 88

Multiple Choice

In most cases, which of the following is true about a least developed country (LDC) ?

• A) It has an economy based on agriculture.
• B) It is landlocked.
• C) It has a viable middle class.
• D) It has high literacy levels.
• E) It has an advanced economic infrastructure.

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Definitions:

Indirect Business Taxes

Taxes levied on goods and services rather than on income or profits, such as sales tax, often passed on to the consumer.

Rent

The payment made by a tenant to a landlord for the use of a property, room, or apartment for a specified period.

Depreciation

Accounting method of allocating the cost of a tangible or physical asset over its useful life, reflecting wear and use over time.

Indirect Business Taxes

Taxes levied on goods and services rather than on income or profits, such as sales tax or value-added tax, ultimately passed on to consumers in the form of higher prices.