Bolivia, GDP by Sector, 2012 Bolivia, Labor Force by
Occupation, 2010
Agriculture
Agriculture
Industry
-Industry
Services
Services
Which statement best summarizes the information on these graphs?
Many Bolivians are farmers, but the agriculture sector does not produce much in terms of GDP.
Industry in Bolivia has grown very important to that country's economy in recent years.
Bolivia is investing large sums of money in education in an effort to encourage economic growth.
Bolivia must depend on agriculture if it intends to have a healthy economic future
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Phoenix guitars is interested in pursuing backward integration to take greater ownership of the extraction of raw materials and production of components used in its signature line of guitars. although this approach would lower the overall cost of producing a guitar, the costs associated with producing electronic pickupsfor sound amplification are far greater than those associated with sourcing pickups from a reliable supplier. which of the following approaches is likely to produce superior results? a) invest in vertical integration despite the cost of producing pickups.b) abandon the idea of vertical integration entirely.c) pursue taper integration.d) introduce a budget line of guitars to diversify the firm's offerings.