Benito,13,lives in the Capital City of a Third World Country

question 41

Multiple Choice

Benito,13,lives in the capital city of a Third World country.His parents are too poor to pay for school fees and uniforms for him and his brothers and sisters,so he quit school after 4th grade to go to work running errands for a neighbour who has a stand in the market.Benito and his family are directly affected by what the textbook describes as

• A)globalization.
• B)a virtuous cycle.
• C)a vicious cycle.
• D)a business cycle.

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Definitions:

Expropriation

The act of a government taking privately owned property, usually for public use or in the public interest, potentially with compensation.

Foreign Exchange Transactions

Trades between two parties to exchange one currency for another, determining the relative value of different currencies.

Largest Stock Market

Typically refers to the New York Stock Exchange (NYSE) or the NASDAQ, both of which are among the largest and most influential stock markets globally.

Expected Return

The average amount of profit or loss one can anticipate on an investment, accounting for the probabilities of varying outcomes.