Economic Growth and Development in LDCs Are Low Because Many

question 80

Multiple Choice

Economic growth and development in LDCs are low because many of them lack:

• A) saving.
• B) infrastructure.
• C) a political environment favorable to growth.
• D) All of these.

---

Definitions:

Bundling

The practice of selling two or more products or services together as a single package, often at a discounted rate.

All-you-can-eat Salad Bar

A service model in restaurants where customers pay a fixed price to consume as much salad as they wish from a variety of options.

Price Discrimination

The strategy of selling the same product to different customers at different prices based on willingness to pay.

Tying

A sales practice where a seller requires the purchase of one product to buy another, often used to leverage market power from one product to promote another.