The Informal Sector Can Be a Significant Drag on the Economies

question 52

Multiple Choice

The informal sector can be a significant drag on the economies of developing countries because the firms in the informal sector

• A)produce goods and services no one wants.
• B)sell their goods and services to citizens in other countries.
• C)do not pay taxes to the government.
• D)employ illegal immigrants from other countries.

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Definitions:

Herbal Potions

Blends of plant-based substances intended for medicinal or therapeutic purposes.

Mass Madness

A phenomenon where a group of people exhibit similar hysterical behaviors or psychological symptoms, historically termed as mass hysteria.

Ancient Greeks

Refers to the people of Greece and their civilizations that flourished from the 8th century BC to the end of antiquity.

Flash Mob

A group of people who assemble suddenly in a public place, perform an unusual act for a brief time, then quickly disperse, often for the purposes of entertainment or satire.