Which of the Following Would Be Most Likely to Improve

question 57

Multiple Choice

Which of the following would be most likely to improve the standard of living of a less-developed country?

• A) development of strong labor unions.
• B) more foreign investment, attracted by the expectation of economic and political stability.
• C) adoption of trade barriers (higher tariffs and quotas).
• D) widespread use of price controls to allocate goods and resources.

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Definitions:

Net Accounts Receivable

The amount of money owed to a company by its customers minus the provision for bad debts.

Principal Value

The original sum of money invested or loaned, before interest or any profit earned.

Note Receivable

An asset on the balance sheet representing money owed to the holder by a debtor, which includes an obligation to pay both the principal and interest.