Which of the Following Is a Characteristic of an LDC

question 97

Multiple Choice

Which of the following is a characteristic of an LDC?

• A) Capital flight.
• B) Vicious circle of poverty.
• C) Lack of entrepreneurs.
• D) All of the above.

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Definitions:

Annual Profit

The total revenue a company generates in one year after all expenses have been deducted.

Dominant Strategy

A strategy in a game theory that yields the best outcome for a player, irrespective of the strategies adopted by other players.

Payoff Matrix

Table showing profit (or payoff) to each firm given its decision and the decision of its competitor.

Advertising Strategy

A plan of action by a business or brand designed to reach potential customers and persuade them to purchase a product or service.