Developing Countries

question 11

Multiple Choice

Developing countries

• A)do not benefit from foreign aid
• B)do not benefit from private investment
• C)generate less than half of their annual flow of foreign exchange from exports
• D)must acquire foreign exchange in order to pay for imports
• E)need to decrease labor productivity

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Definitions:

Substandard

Falling below the usual or required standard, often used to describe products or services that do not meet the expected level of quality.

Lapse of Time

The expiration of a period specified by statute, contract, or agreement after which legal rights may no longer be enforced or claims made.

Substantially More Burdensome

A term referring to contract modifications or conditions that significantly increase the obligations of one party beyond what was initially agreed upon.

Cultivated Bottomland

Land located in a valley or low-lying area that has been improved for agricultural production through human effort.