In What Way Has the Developed World Taken Advantage of Underdeveloped

question 49

Multiple Choice

In what way has the developed world taken advantage of underdeveloped nations?

• A)The establishment of a dynamic informal economy based on agricultural products for export.
• B)The economic policies favored the rich to further divide the social structure of rich and poor.
• C)The foreign trade deals and the high-interest, short-term financial credits favored the developed world.
• D)The control of the narcotic drug trade and diplomatic intervention by the developed world was harsh.
• E)The economic policies favored the improvement of crop yields to boost agricultural exports.

---

Definitions:

Inventory Turnover

A ratio that measures how many times a company's inventory is sold and replaced over a specific period, highlighting the efficiency of inventory management.

FIFO

A method used in accounting to assign the cost of goods sold to the earliest purchased items in inventory, leading to different inventory value and profit measure from other methods.

Net Income

The total profit of a company after all revenues, expenses, and taxes have been deducted.

Inventory Valuation

The method used to assign a monetary value to inventory, considering the cost of goods sold and the current market value.