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:

Schema

A cognitive framework or concept that helps organize and interpret information from the environment.

Seriation

Seriation is a cognitive skill that involves organizing objects in a sequential order based on a particular attribute, such as size or color.

Reversibility

In cognitive development, the understanding that objects can be changed and then returned to their original condition or state.

Moral Development

The process through which individuals develop proper attitudes and behaviors toward other people in society, based on social and cultural norms, rules, and laws.