'A corruption scheme in which several bidders conspire to split contracts, thereby ensuring that each gets a certain amount of work, is known as Bid pooling.
Bid pooling coordination is a fraudulent procurement auction method that results in uncompetitive bids and can be conducted by corrupt officials, companies in organized collusion, or between officials and companies. This form of collusion is illegal in most countries. This is a form of pricing and market sharing that often occurs when contracts are determined by tender, such as government construction contracts.
The typical purpose of a bid adjustment is to allow the "winner" to win the order at a non-competitive price. Other parties are compensated in various ways. By cash payment, or by agreement to be named the "winning" bidder in another contract, or to award a portion of the winning bidder's contract to them.
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Amendment 7, but only in cases for $20 or more.
Answer:
A. Eliminating trade deficits
Explanation:
When a country with high number of highly advanced factories that produce cars lacks the source of rubber to make the wheel of the cars and then has to import rubber from other countries, this explains the factor of eliminating trade deficits as it encourages global trade.
Trade deficit is the amount by which the import of a country exceeds its export.
By eliminating trade deficit, the country ensures that their export is more than what they import.
