The Washington Consensus Suggested ________________

question 11

Multiple Choice

The Washington Consensus suggested ________________.

• A) limited globalization
• B) market-restricting regulations
• C) the nationalization of capital flows
• D) the privatization of the health sector in African countries
• E) the privatization of the public sector

---

Definitions:

Preferred Dividends

Dividends that are paid to preferred shareholders at a fixed rate prior to any dividend payments to common shareholders.

Noncash Assets

Assets that cannot be easily converted into cash, such as property, plant, equipment, and intangible assets.

Net Income

Total revenue minus total expenses, indicating the profitability of a company over a specified period.

Net Loss

The situation where a company's expenses exceed its revenues during a specific period, leading to a negative profit.