Who Introduced the Concept of Odious Debt

question 81

Multiple Choice

Who introduced the concept of odious debt?

• A) Anthony Sampson
• B) Charles Kindleberger
• C) Alexander Sack
• D) John Perkins
• E) Harry Truman

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Definitions:

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to replace more expensive items with cheaper substitutes.

Output Effect

The impact that changes in production levels have on a company's total revenue, often influenced by market demand and price.

Fixed Proportions

A production scenario where inputs must be combined in strict, fixed ratios to produce an output, allowing no substitutions.

MRP

Stands for Material Requirements Planning, a system for calculating the materials and components needed to manufacture a product.