One of the Countries Listed Below Is NOT a High-Income

question 47

Multiple Choice

One of the countries listed below is NOT a high-income nation.Which one is it?

• A)Canada
• B)South Africa
• C)Israel
• D)Bulgaria

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Definitions:

Principal-Agent Problem

A dilemma in a relationship where one party (the agent) is expected to act in the best interest of another (the principal), but may have motivations to act in their own interest instead.

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A market condition where there is only one buyer for a product or service, giving them significant power over prices.

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An organization representing workers' interests in negotiations with employers over wages, benefits, working conditions, and other employment terms.