Which of the Following Was Not a Recommendation of the Washington

question 34

Multiple Choice

Which of the following was not a recommendation of the Washington Consensus?

• A) Free markets
• B) Protectionist policies
• C) Low state intervention
• D) Privately owned enterprise

---

Definitions:

Indirect Costs

Costs that are not directly traceable to a specific project, product, or activity, typically including overheads like administration and utilities.

Research and Development

Activities undertaken by a business to develop new products or processes, or to improve existing ones, typically involving innovation and technological advancements.

Preproduction Prototypes

Early versions of a product made prior to full-scale production, used for testing and validation.

Capitalized

Costs that are added to the cost basis of an asset on the balance sheet rather than being expensed immediately.