To Help Developing Countries Expand Their Industrial Base,some Industrial Countries

question 140

Multiple Choice

To help developing countries expand their industrial base,some industrial countries have reduced tariffs on designated manufactured imports from developing countries below the levels applied to imports from industrial countries.This scheme is referred to as:

• A) Generalized system of preferences
• B) Export-led growth
• C) International commodity agreement
• D) Reciprocal trade agreement

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Definitions:

Cash Collected

The total amount of money received by a company during a specific period.

Sales Reported

The total revenue recognized from selling goods or services, as documented in financial statements or reports.

Financing Activity

Transactions and events whereby resources are obtained from, or repaid to, owners (equity financing) and creditors (debt financing).

Purchase

The act of acquiring goods or services in exchange for money, constituting a fundamental business transaction.