Which of the Following Would Be Most Likely to Improve

question 36

Multiple Choice

Which of the following would be most likely to improve the standard of living of people in less-developed nations?

• A) the development of strong labor unions
• B) an increase in foreign investment
• C) an increase in the share of the population under 15 years of age
• D) higher tariffs and the imposition of other restraints designed to restrict international trade

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Definitions:

Current Assets

Assets on a balance sheet that are expected to be converted into cash, sold, or consumed within a year.

Current Liabilities

Financial obligations a company must pay within a year, such as loans, accounts payable, and other debts.

Working Capital Ratio

A financial metric that measures a company's efficiency and its short-term financial health by comparing current assets to current liabilities.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.