The underground economy-the informal sector-can be a significant drag on the economies of developing countries.Why are firms in the informal sector often less efficient than firms in the formal sector?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q151: What is the underground economy and how
Q152: Even though it is generally true that
Q153: Suppose that nominal GDP in 2018 was
Q154: Which of the following could cause nominal
Q155: Table 8-11 Q157: Table 8-11 Q158: If prices in the economy rise,then Q159: Over the last 50 years,has the ratio Q160: Real GDP is GDP in a given Q161: Table 8-14 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
![]()
![]()
A)the purchasing
![]()