A Country's Investment in Information Technology Is a Key to Economic

question 68

Multiple Choice

A country's investment in information technology is a key to economic growth. Specifically, the Internet

• A) further increases the advantage of rich economies over the poor ones.
• B) increases market transaction costs.
• C) allows for innovative services but at a relatively higher cost.
• D) enables smaller firms in emerging economies to sell into a global market.
• E) decreases the economies of scale from vertical integration.

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Definitions:

Partnership Debt

Financial obligations for which all partners in a partnership are jointly and severally liable.

New Ovens

Recently manufactured or acquired cooking appliances designed for baking, heating, or drying food.

Capital Contribution

It is the amount of money or assets that an investor puts into a company in exchange for part ownership or a stake in the company.

Manages Business

The process of organizing, planning, directing, and controlling the resources and operations of a business to achieve its goals and objectives.