Through the World Bank,powerful Nations Prescribe That Developing Nations Should

question 16

Multiple Choice

Through the World Bank,powerful nations prescribe that developing nations should open up,allowing more imports in and exporting more commodities.This is heralded as a form of economic restructuring and an avenue for debt repayment.Which of the following is a consequence of such measures?

• A) employment and education
• B) reduced incomes and more poverty
• C) declining prices
• D) increased living standards and less dependency

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Definitions:

Financial Statements

Structured reports that detail the financial activities and condition of a business, including the balance sheet, income statement, and statement of cash flows.

Current Rate Method

A method used in financial reporting to convert the financial statements of a foreign subsidiary to the parent company's reporting currency, using the current exchange rates.

Exchange Rate

The price at which one currency can be exchanged for another in the foreign exchange market.

Assets And Liabilities

Resources owned and controlled by a business (assets) and obligations to transfer resources to another entity (liabilities).