Since 1980, Developing Countries Have Turned Increasingly Toward Emphasizing

question 25

Multiple Choice

Since 1980, developing countries have turned increasingly toward emphasizing:

• A)exports of less-skilled-labor-intensive primary goods.
• B)imports of less-skilled-labor-intensive agriculture goods.
• C)exports of less-skilled-labor-intensive manufactured goods.
• D)imports of less-skilled-labor-intensive manufactured goods.

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Definitions:

Lockbox System

A banking service provided to companies for the collection of payment from customers, utilizing a special post office box to speed up deposits.

Cheque Clearing

The process by which banks settle transactions made by cheques, transferring money from the payer's account to the payee's account.

Short-term Financing

Funding obtained to meet immediate to short-term (up to one year) financial obligations and operational expenditures of a business.

Cash Surpluses

Excess cash that a company generates beyond its needs, which can be used for investment, dividends, or to strengthen the balance sheet.