A Common Experience for Agriculturalists in Regions Like India and West

question 35

Multiple Choice

A common experience for agriculturalists in regions like India and West Africa that became primarily suppliers of cash crops such as cotton and palm oil was

• A) remarkable prosperity because large numbers of the population were employed.
• B) finding themselves at the mercy of a market that benefited a relative few.
• C) a growth in the number of peasants owning land.
• D) a drop in interest rates to encourage borrowing.

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Definitions:

Local Property Taxes

Taxes imposed by local governments based on the assessed value of property, primarily real estate, used to fund local services such as schools, roads, and police.

Industrial Countries

Nations with developed economies characterized by significant industrial activity and high income per capita.

Public Goods

Goods that are non-excludable and non-rivalrous in consumption, meaning they are available for everyone to consume, without diminishing the availability for others.

Social Security Taxes

Taxes levied on both employers and employees to fund the Social Security program, which provides benefits to retirees, disabled individuals, and survivors of deceased workers.