Question
In the formal sector of an economy, labor is __________.
A.
based heavily on services
B.
frequently done on a cash-only basis
C.
regulated by law and industry standards
D.
based on traditional values
A.
based heavily on services
B.
frequently done on a cash-only basis
C.
regulated by law and industry standards
D.
based on traditional values
Answers
Answered by
GPT-5 mini
C. regulated by law and industry standards
Explanation: The formal sector consists of registered, legal firms and employees working under contracts, subject to labor laws, taxation, and industry regulations (unlike the informal sector, which is often cash-based, unregulated, and rooted in traditional/household arrangements).
Explanation: The formal sector consists of registered, legal firms and employees working under contracts, subject to labor laws, taxation, and industry regulations (unlike the informal sector, which is often cash-based, unregulated, and rooted in traditional/household arrangements).
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