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Hatshy [7]
3 years ago
11

A country has an annual income per capita of $2,300. The country’s nominal economic growth rate is 1.5% while 37.7% of its popul

ation lives below the poverty line, and its literacy rate is 48% of the population. In addition, 54% of its labor force is in agriculture and 11% works in the business or the technology sectors. Based on the details of this country's economic growth, how would you classify this country?
Business
1 answer:
Novay_Z [31]3 years ago
7 0

Answer: Less - Developed Country

Explanation:

Less - Developed Countries (LDCs) are countries that are usually classified as 3rd world countries. They are characterised by low annual income.per capita and living standards as well as high poverty rates.

Their main industry is usually Agriculture and there are low literacy rates plaguing the country.

The Country described above is a less developed country. It has an annual income per capita of $2,300 which is quite small when compared with that of a Developed country like Liechtenstein with $165,000 annual income per capita.

Most of it's population engage in Agriculture as shown by the 54% ascribed to Agriculture and it has a literacy rate of 48% which is quite low.

All these as well as the 37.7% statistic showing how many people are in poverty confirms that this a Less Developed Country.

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John Freeden is negotiating with Bill Murray to buy Bill's mountain bicycle. The following conversation has taken place: John: "
aliya0001 [1]

Answer:

A) Bill and John have a contract for the sale of the bike at $375.00

Explanation:

John first made an offer to buy the bike at $325 ⇒ Bill responded with a counteroffer increasing the price of the bike ⇒ John accepted Bill's counteroffer ⇒ they have a binding contract.

When parties are bargaining a contract, the process of giving an initial offer and then a counteroffer (or counteroffers) is part of the process of forming a contract. It is a necessary part, since without this bargaining process there is no contract. A contract is formed when one of the parties accepts the other party's offer or subsequent counteroffer.

5 0
2 years ago
Fertility has been _____ in developed countries. Select one:
Alexxandr [17]

Answer:

The correct option is (b)

Explanation:

Fertility rate refers to the rate of children born per 1000 women. Fertility rate is declining in developing and developed countries as compared to under-developed countries due to many reasons such as increasing female literacy, awareness and availability of contraceptives, urbanization and lifestyle choices. This has contributed in curbing overall population growth.

6 0
2 years ago
Sara is an administrator at a bank. sara eats plenty of fruits, vegetables, whole grains, legumes, and lean meats. she is of nor
Tresset [83]
She could exercise. Since she is sitting at a desk all day, going on runs on lunch break or when she wakes up could really help promote a healthy lifestyle.


I hope this helped!
4 0
2 years ago
Which of the following is true about checks?
tankabanditka [31]

Incomplete question. Here's the remaining question;

A. It is a two-party instrument.

B. It necessitates that the seller has to be both the drawer and the payee.

C. It is always payable on demand.

D. It requires that the drawer is holding the drawee's money.

Answer:

C

Explanation:

Note that, to be always paid on demand implies that any time a request is made (demanded) to the bank will be fulfilled.

Therefore, an individual has a sense of security using checks to receive payments.

4 0
3 years ago
Ira orally agrees to buy a unique collection of sports memorabilia for $1,000 from Jane and sends her $250 as a down payment. Wh
OLEGan [10]

Ira should seek specific performance.

  • A particular remedy called specific performance is utilized by courts when no other option, such monetary compensation, will fully satisfy the other party. The court will choose that option instead if it will put the injured party in the same situation as if the contract had been fully completed.
  • A court may order a party to carry out a specific conduct, such as completing the contract's performance, as a form of equitable relief under the law of contracts.
  • If damages are a suitable alternative, it is normally not accessible but is typically available in the sale of land law. Contracts for personal services nearly seldom allow for specific performance.

Thus this is the answer.

To learn more about Contracts, refer: brainly.com/question/984979

#SPJ4

6 0
1 year ago
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