Which of the Following Does NOT Explain Why France Is

question 3

Multiple Choice

Which of the following does NOT explain why France is consistently ranked low in terms of its economic competitiveness?

• A) It devotes less resources to technological innovation than other advanced economies.
• B) It has a high level of public debt.
• C) It has high taxes.
• D) Elements of statism persist.
• E) Its economy is mainly inward looking as the percentage of its GDP that comes from imports and exports is very low.

---

Definitions:

Liquidated Damages

A contractual provision that specifies a predetermined amount of money that must be paid as damages for failure to perform certain aspects of a contract.

Mitigate

To lessen a loss, for example, by victims of a breach, who have a duty to take all reasonable steps to minimize losses suffered.

Specific Performance

A legal remedy in contracts law requiring a party to fulfill their obligations under the contract, as opposed to paying damages.

Transfer Property

The act of legally changing ownership of real estate, assets, or other property from one party to another.