Which Statement Is TRUE

question 194

Multiple Choice

Which statement is TRUE?

• A) Although inefficient, trade restrictions are effective at reducing child labor.
• B) Most child labor around the world takes place in factories that export products.
• C) Rising real GDP per capita has been an important force in reducing child labor.
• D) About 50% of the world's children aged 10 to 14 work.

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Definitions:

Annuity Payment

Regular periodic payments made to an annuitant or beneficiary, often fixed sums received from a retirement account or insurance policy.

Rate Of Interest

The percentage of a loan incurred as interest cost to the borrower, usually expressed as an annual rate.

Future Value

The value of an investment at a specific date in the future, considering compounding interest.

Cash Flows

The total amount of money being transferred into and out of a business, particularly in terms of liquidity and financial planning.