Who Took Out the Majority of Loans in the 1970s

question 55

Multiple Choice

Who took out the majority of loans in the 1970s?

• A) Governments in the Global South
• B) Governments in the Global North
• C) International Financial Institutions
• D) Private companies and banks in the Global South
• E) Private companies and banks in the Global North

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Definitions:

Resources

Inputs used in the production of goods and services, including labor, capital, land, and technology.

Goods and Services

The tangible and intangible outputs of an economy that satisfy consumer needs and wants.

Product Market

The marketplace where final goods or services are offered to consumers, businesses, and the public.

Factor Market

A marketplace for the services of a factor of production (e.g., labor, capital), where firms buy resources they need to produce goods and services.