As a Percentage of GDP, Which of the Following Most

question 158

Multiple Choice

As a percentage of GDP, which of the following most likely characterizes logistic costs incurred in developing economies in Africa?

• A) Less than 9 percent
• B) 9 to 12 percent
• C) Approximately 12 percent
• D) Approximately 15 percent
• E) 25 to 30 percent

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Definitions:

Clayton Act

A U.S. antitrust law, adopted in 1914, aimed at protecting competition by prohibiting certain actions that lead to anticompetitiveness.

Celler-Kefauver Act

A U.S. law enacted in 1950 to amend the Clayton Act, aiming to prevent anti-competitive mergers and acquisitions by prohibiting the acquisition of assets if the effect reduces competition.

Mergers

The combination of two or more companies into one entity, often to enhance market share and reduce competition.

Celler-Kefauver Act

A U.S. law enacted in 1950, aimed at preventing anti-competitive mergers and acquisitions that could create monopolies or reduce competition.