Economic Development in Africa Has Been Difficult for All of the Following

question 35

Multiple Choice

Economic development in Africa has been difficult for all of the following reasons except

• A) AIDS.
• B) a declining population.
• C) a too-rapid population growth.
• D) the vast differences between rural and urban Africans.
• E) ethnic rivalries.

---

Definitions:

Discount Rate

The interest rate a central bank charges commercial banks to borrow money.

Premium Rate

Refers to the higher price or rate charged for goods or services perceived to be of higher quality, or in the case of telecommunications, services that offer added value beyond the basic rate.

Exchange Rate

The value at which one currency can be exchanged for another, affecting international trade and economics.

Tax Rate

The percentage at which an individual or corporation is taxed on their income or profits.