Which of the Following Is True

question 50

Multiple Choice

Which of the following is true ?

• A) Nations achieve high rates of economic growth primarily because of their natural resource endowments.
• B) Human and physical capital investments are largely irrelevant to economic growth.
• C) Poor nations grow slowly because they do not have access to modern technology.
• D) A favorable political environment attracts more investment in human and physical capital.

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Definitions:

Dissolution

The change in the relation of partners caused by any partner’s ceasing to be associated with the carrying on of the partnership’s business.

Board of Directors

A group of individuals elected to represent shareholders and direct the affairs of a corporation, setting its strategic direction.

Dissenting Shareholders

Shareholders who do not agree with certain corporate actions, such as mergers and acquisitions, and who may have specific rights to demand the corporation buy back their shares at a fair value.

Appraisal Rights

Legal rights that allow shareholders to demand an independent evaluation of a company's shares during certain transactions.