A Person Can Become an HDC Only If He or She

question 63

True/False

A person can become an HDC only if he or she knows or has reason to know that an instrument is defective and is willing to assume the risk of its dishonor.

---

Definitions:

Labor Productivity

A measure of economic performance that compares the amount of goods and services produced with the number of hours worked.

Export Promotion

A development strategy that concentrates on producing for the export market

Import Substitution

An economic strategy aimed at reducing dependency on foreign imports through the local production of industrialized products.

Comparative Advantage

Comparative advantage is the ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than its competitors.