A finance minister in a third-world country demands a heavy payment be made to him or he will stall or veto a multi-million dollar contract that is on his desk.This practice would be called:

Question

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Extortion is the act of using threat or force to obtain money or other desired outcomes. In this scenario, the finance minister is demanding payment in exchange for not stalling or vetoing a contract, which constitutes extortion. Option B, subordination, refers to the act of placing oneself in a lower position to someone in authority, and is not applicable in this scenario. Option C, lubrication, involves paying small amounts of money to officials to expedite processes, while option D, agent's fees, refers to payments made to agents for their services. These options do not match the description of the scenario. Option E, bribery, involves offering something of value in exchange for favorable treatment, which is similar to extortion but not the same as the finance minister is not offering any favor, and he is demanding payment instead.

A Finance Minister in a Third-World Country Demands a Heavy