Directions: Choose the Best Answer Based on the Information You

question 2

True/False

Directions: Choose the best answer based on the information you read in Chapter 12.
​ In college essays, numbers from one to one hundred are usually written as words.

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Definitions:

Trickle-Down Theory

The assertion that stimulating overall economic growth will ultimately help the poor.

Economic Growth

An increase in the production of economic goods and services, compared from one period of time to another, and often measured by GDP (Gross Domestic Product).

Wealth Flows

The movement of financial resources and assets between individuals, families, or countries, impacting economic stability and development.

International Labour Organization

A United Nations agency founded in 1919 that sets international labor standards and promotes rights at work, encouraging decent employment opportunities and enhancing social protection.