A Suggested Policy for Industrially Advanced Countries to Adopt to Encourage

question 70

Multiple Choice

A suggested policy for industrially advanced countries to adopt to encourage economic growth in developing countries would be

• A) cutting debt relief for DVCs.
• B) directing foreign aid to the more affluent DVCs.
• C) restricting immigration of low-skilled workers from DVCs.
• D) reducing tariffs and import quotas on labor-intensive products.

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Definitions:

Retired Workers

Individuals who have withdrawn from the workforce after reaching the age of retirement, often eligible for pensions or retirement benefits.

Flexible Schedules

Work arrangements allowing employees varying arrival and departure times, as well as the possibility of working from different locations.

Human Capital

The abilities, expertise, and experiences held by a person or group, considered in relation to their worth for an organization.

Surplus

An excess of resources or assets beyond what is needed, often referring to budgetary or inventory contexts.