With Per Capita Income of Less Than $700,Ethiopians Enjoyed More

question 15

Multiple Choice

With per capita income of less than $700,Ethiopians enjoyed more than a decade of double-digit economic expansion due to all of the following reasons,except:

• A)foreign investment from China helped in building several industrial parks.
• B)garment workers were trained in Hong Kong by J Crew and Burberry.
• C)Ethiopia provides duty-free access to the key U.S.markets.
• D)the country has a sufficient available workforce with low wage levels.
• E)the country is sufficiently near a seaport for exports.

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Definitions:

Savings

Money that is not spent and is set aside for future use, typically in accounts or investments that allow for capital preservation or growth.

Goal

A desired result or outcome that a person or organization envisions, plans, and commits to achieve.

Simple Interest

Interest calculated only on the principal amount, without compounding.

Account

A record or statement that details financial transactions and their impact on an entity's financial position.