According to the Text, What Has the Term Development Come

question 57

Multiple Choice

According to the text, what has the term development come to mean in the period after World War II?

• A) It means economic growth, industrialization, and modernization in the poor parts of the world.
• B) It means protectionist policies that resist competitive forces from outside the country.
• C) It means consolidation of land for indigenous farming and local food-based economies.
• D) It means the application of Keynesian policies to providing government regulation of the economy.

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Definitions:

Capital Projects Fund

Capital Projects Fund is a type of government accounting fund used to track the financial resources used for the acquisition and construction of major capital assets.

Agency Fund

A fund used by a government to account for resources held in a trustee capacity for individuals, private organizations, or other government units.

Governmental Entities

Organizations that operate on the government's behalf, including departments, agencies, and authorities, responsible for implementing policy and managing public sector resources.

Accounting Principles

Accounting Principles are the rules and guidelines that companies must follow when reporting financial data, ensuring consistency, reliability, and comparability of financial statements.