What Is Possibly the Best Indicator of a Country's Ability

question 5

Multiple Choice

What is possibly the best indicator of a country's ability to use technology to leap several stages of economic development in a very short time?

• A) the quality of the educational system
• B) the size of the population
• C) the general economic environment
• D) the size and growth rate of the market
• E) the level of government regulations

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Definitions:

Merchandising Company

A company that purchases and sells tangible inventory to customers without changing its form.

Service Company

A business entity that provides intangible products or services to consumers or other businesses.

FOB Shipping Point

A term used in shipping that indicates that the buyer is responsible for the cost and risk of transport as soon as the goods are loaded onto the shipping vehicle.

Freight Costs

Expenses associated with transporting goods from one place to another, which could include shipping, trucking, and other logistical expenses.