According to the Text,products and Services Are Generally Becoming _______

question 26

Multiple Choice

According to the text,products and services are generally becoming _______ standardized across countries,which tends to _______ the globalization of business.

• A) more;encourage
• B) more;discourage
• C) less;discourage
• D) less;encourage

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Definitions:

Highway Spending

Government expenditure on the construction and maintenance of road infrastructure, which is crucial for economic development, transportation efficiency, and public safety.

Administrative Burden

The costs associated with regulatory compliance, paperwork, and bureaucratic procedures that organizations must bear.

Tax Laws

Legislation and regulations governing the collection of taxes by authorities to fund public services and infrastructure.

Efficient Tax System

A tax framework that maximizes revenue without discouraging economic activity or putting undue burden on taxpayers, ensuring fairness, compliance, and minimal distortion in economic decisions.