In Developing Nations, Microloans

question 324

Multiple Choice

In developing nations, microloans

• A) are far too small to have any discernible effect.
• B) are primarily used to finance consumption expenditure, thereby leading to economic growth.
• C) have enabled small businesses with limited access to credit to purchase capital and expand, thus allowing greater economic growth.
• D) have increased the indebtedness of impoverished people, thereby slowing economic growth.

---

Definitions:

Racism

Bias, unfair treatment, or hostility towards individuals of another race, stemming from the conviction that one's own race is superior.

Managing Labor

The process of organizing, directing, and controlling the work and workers in a company or organization, focusing on increasing efficiency and productivity.

Grocery Stores

Retail stores specializing in the sale of food products, along with other household items, serving as a primary source for consumers to purchase groceries.

Square Mile

A term often used to refer to the financial district in central London, England, known for its high concentration of financial institutions.