The cost of doing business is most likely to be the lowest in: A. clo

QUESTION

The cost of doing business is most likely to be the lowest in:

A. closed totalitarian states.

B. primitive or undeveloped economies.

C. open democratic societies.

D. countries where local laws and regulations set strict standards with regard to product safety, safety in the workplace, and environmental pollution.

E. countries that lack well-established laws for regulating business practice.

ANSWER

C
The need to pay what are essentially bribes is greater in closed totalitarian states than in open democratic societies where politicians are held accountable by the electorate.