Within Emerging Economies, Labor Costs May Be Quite Low, but Technology

question 16

Multiple Choice

Within emerging economies, labor costs may be quite low, but technology and other business costs can be quite high because of ________.

• A) privately-owned telephone monopolies
• B) lack of competition between ISPs
• C) lower internet-related business costs than those in developed countries
• D) all of the above

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Definitions:

Transaction

An agreement or communication carried out between a buyer and a seller to exchange an asset for payment.

Overtime

The amount of time someone works beyond the normal working hours, often resulting in additional pay.

Annual Salary

The total amount of money that an individual earns in one year from their job before taxes and deductions.

Gross Earnings

The total amount of income earned by an individual or generated by a business before any deductions like taxes or expenses are applied.