Global Poverty Has Risen Dramatically Over the Past Twenty Years

question 25

Multiple Choice

Global poverty has risen dramatically over the past twenty years and is generally considered a sign of

• A) economic elitism.
• B) uneven development.
• C) marginalization.
• D) neocolonialism.

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Definitions:

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities or equity on a company's balance sheet.

Credit

An accounting entry that increases a liability or equity account, or decreases an asset or expense account. It is also used in banking to denote the addition of funds to an account.

Credit Side

The right side of an accounting ledger, used for recording increases in liabilities, equity, and revenue, and decreases in assets and expenses.

Debit Side

The left side of a ledger account that records increases in assets and expenses or decreases in liabilities and equity.