The Alternative Strategy for Development That Emerged with the Establishment

question 4

Multiple Choice

The alternative strategy for development that emerged with the establishment of the Soviet Union in 1917 and spread after World War II to eastern Europe, China, and Cuba was called

• A) state socialism.
• B) import substitution.
• C) free market protectionism.
• D) export-led growth.

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Definitions:

Share of the Profit

The portion of a company's earnings allocated to each outstanding share of common stock, illustrating the company's profitability on a per share basis.

Average Capital Balances

An average of the various amounts of capital held in an account over a specific period, often used to calculate interest or allocate profits and losses in partnerships.

Interest Allowance Method

A method used in accounting to allocate interest expense over the life of a debt at a constant rate.

Original Investment

The initial amount of money spent to acquire an asset or start a business venture, not including subsequent expenses.