Economies with per capita incomes in the low to middle range that are in a transition toward developed status are known as

A. undeveloped economies.
B. emerging market economies.
C. high-income economies.
D. socialist economies.
E. less-developed economies.


Answer: B

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Indicate whether the statement is true or false.

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Which of the following is true of price fixing?

A. It is a reasonable violation of Section 1 of the Sherman Act. B. It is a process seen exclusively among sellers of goods and services. C. It is permissible as it helps consumers or protects competitors from ruinous competition. D. It includes fixing the quantity of a product or service to be produced or provided.

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