Answer:
1. It is a characteristic of a Developed economy
2. It is a characteristic of a developing economy
3. False, it is not considered valid
Explanation:
1. A Gross Domestic Product or a GDP is a the sum of all economic activity that has taken place in a country within a period of one year. The higher the GDP, the more trade is taking place in the country. A high level of GDP is seen more developed countries such as USA, UK, France etc.
2. The developing world faces a lot of economic issues that results in poor healthcare infrastructure. This is why many developing countries have a high infant mortality rate.
3. The term 'Third World' was common in the Cold War era over 30 years ago. However, today, most organisations reject the term as outdated since it does not represent the current socio-political make up of the world.
A large increase in gas prices creates a demand for cars with good gas milage. It takes months for car companies to make these cars.This market for cars can be described as inelastic.
This happens when a change in price leads to a smaller percentage change in demand. It is inelastic because In the short-run it takes time for consumers to look for alternatives.
England, culturally, would expect more conformity from their inhabitants. Due to the rich tradition of monarchy and ritual, the English have conformed to a set of standards and rules. There is not much dissension and when there has been it is often met with a government response. Today they have a large white nationalist following to equal that of the US. Neo-Nazism, skinheads, and even the KKK have become active in England over the last decade to fight against social change. <span />
Answer:
e. A company comparison should not be made with industry averages if the company clearly does not fit into any industry
Explanation:
Every companies has different -different ability to run any industry. Like an automobile company can not run educational industry similarly an educational company can not run automobile industry.So we can say that many companies do not fit into other industry.
The financial service always looks for getting more profit from the industry that is why it always looks for best industry which gives more profit.
If any enterprises are focusing on there competitors then definitely it will get more profit because this is very important to go with competitors.
Industry average means the annually financial output of any companies.
Therefore only statement "e " is False.