The Recent Trend in Less Rich Countries Is to Adopt____________

question 22

Multiple Choice

The recent trend in less rich countries is to adopt____________ to avoid high costs.

• A)paid licenses
• B)free open source software
• C)software with restricted source code
• D)a single standard for information systems

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Definitions:

Sacrifice Ratio

An economic term that quantifies the effect of decreasing inflation on an economy, typically measured as the percentage loss in output per one percentage point decrease in inflation.

Housing and Financial Crisis

A period characterized by declining home prices, foreclosures, and a loss of value in financial instruments, leading to widespread economic instability.

World Prices

The prices of goods and services determined in the global market that influence the cost and availability of products internationally.

Aggregate Demand

The total amount of goods and services demanded in an economy at a given overall price level and time.