Which of the Following Stands True of Corruption

question 51

Multiple Choice

Which of the following stands true of corruption?

• A)Payment of money or gifts in order to receive a government service or benefit is a widespread practice only in less-developed countries.
• B)Corruption reduces growth most directly through government investment in projects with high productivity.
• C)Corrupt governments spend less on capital goods than governments that are less corrupt.
• D)The more competitive a country's markets are, the fewer the opportunities for corruption.
• E)Private investment is relatively higher in countries in which government expenditure is very high.

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Definitions:

Boot

In finance and real estate, boot refers to cash or other property added to an exchange or transaction to make it equitable.

Carrying Amount

The value of an asset or liability according to a company's balance sheet, factoring in depreciation, impairment, and amortization.

List Price

The manufacturer's suggested retail price of a product before any discounts or allowances are taken into account.

Fair Value

Fair Value is the estimated market price of an asset or liability, reflecting what a willing buyer would pay a willing seller in an arm's length transaction.