When Making International Comparisons, a Measure That Includes Income; Access

question 22

Multiple Choice

When making international comparisons, a measure that includes income; access to telephones, televisions, and newspapers; the country's debt ratio and the gross national product; infant mortality, life expectancy, and literacy would be measuring:

• A) absolute poverty
• B) gross national product
• C) quality of life
• D) relative poverty

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Definitions:

Indorsement

The act of signing the back of a financial instrument, thereby transferring ownership or validating the document.

Negotiated

Pertains to the process of discussing and reaching an agreement on the terms of a contract, settlement, or understanding between parties.

Nonnegotiable

Nonnegotiable refers to something that cannot be negotiated or altered, such as a fixed term in a contract or a financial instrument with terms that cannot be changed.

Without Recourse

This refers to a provision in an agreement that exempts the seller from liability or obligation to the buyer in case of some failure on the part of the products or services sold.