Recently There Have Been Violent Protests Against the World Bank

question 166

Multiple Choice

Recently there have been violent protests against the World Bank and the World Trade Organization. The protesters argue that these institutions promote free trade and also encourage corporations in rich countries to invest in poor countries. The protesters contend that these practices make rich countries richer and poor countries poorer. How would economists feel about these protesters' views?

• A) They would disagree with the protesters because these practices will help make both rich and poor countries richer.
• B) They would disagree with the protesters about free trade, but would agree with the protesters about corporate investment.
• C) They would disagree with the protesters about corporate investment, but would agree with the protesters about free trade.
• D) They would disagree with the protesters about free trade and corporations, but would agree that these institutions are not necessary.

Understand the definition and characteristics of liabilities in accounting.

Distinguish between different types of liabilities such as current, noncurrent, known, contingent, and estimated liabilities.

Comprehend the conditions under which liabilities are recognized and reported in financial statements.

Identify how different transactions and events affect liability recognition and measurement.

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Definitions:

Density-Independent Factor

An environmental factor that affects the size of a population but is not influenced by changes in population density. Compare with density-dependent factor.

Killing Frost

A severe frost event causing significant damage or death to vegetation, effectively ending the growing season for many plants.

Density-Independent Factor

A factor that affects the size of populations regardless of their density, such as weather or natural disasters.

Predation

A biological interaction where a predator organism kills and consumes another organism known as the prey.