Developing Countries Do

question 51

Multiple Choice

Developing countries do:

• A)not compete with one another for foreign investment, because they lack the infrastructure to attract it in the first place.
• B)not compete with one another for foreign investment, because they have sufficient domestic saving to finance their investment needs.
• C)compete with one another for foreign investment, but this competition is beneficial to developing countries because it insures a more efficient allocation of resources.
• D)compete with one another for foreign investment, and this competition reduces the benefits from foreign investment.

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Definitions:

South Carolina's

Pertaining to the state of South Carolina, its history, people, politics, or geographical characteristics.

Stono Rebellion

A slave uprising in 1739 in South Carolina that led to a severe tightening of the slave code and the temporary imposition of a prohibitive tax on imported slaves.

Slave Code

Laws established in the colonial and antebellum South to define the status of slaves and the rights of masters, severely restricting slaves' freedoms and rights.

Eighteenth Century

Refers to the 1700s, a period marked by significant changes globally, including the Enlightenment, the rise of industrialization, and major shifts in power and empire.