While Many Developing Countries Have Reformed Their Economies in Order

question 82

Multiple Choice

While many developing countries have reformed their economies in order to imitate the success of the successful industrial economies, the process remains incomplete and most developing countries tend to be characterized by all of the following EXCEPT

• A) seigniorage.
• B) control of capital movements by limiting foreign exchange transactions connected with trade in assets.
• C) use of natural resources or agricultural commodities as an important share of exports.
• D) a worse job of directing savings toward their most efficient investment uses.
• E) reduced corruption and poverty due to limited underground markets.

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Definitions:

Optimize Efficiency

The process of making something as effective and productive as possible, often through the improvement of procedures, resources, or systems.

Proximity to Reward

The closeness or immediacy of a reward, influencing an individual's motivation and behavior toward achieving that reward.

Forgiving

The act of letting go of resentment or vengeance toward a person or group who has harmed you.

Delegating Tasks

The process of assigning responsibility and authority to others to complete a task while retaining ultimate accountability for its outcome.