What Effect Did Structural Adjustment Programs (SAPs)have on Developing Countries

question 102

Multiple Choice

What effect did structural adjustment programs (SAPs) have on developing countries?

• A) They closed the economy to foreign investment.
• B) They promoted the growth of a middle class.
• C) They protected domestic business.
• D) They ended tariffs that protected local industries.

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Definitions:

Initial Value Method

An accounting practice in which an investment is recorded at its purchase cost without adjusting for market variations.

Excess Fair Value

The amount by which the fair value of an asset exceeds its carrying value on the books.

Amortized

Pertains to gradually reducing the cost of an intangible asset through scheduled, predetermined payments over its useful life.

Book Value

The net value of a company's assets minus its liabilities and intangible assets, representing the total value that shareholders would theoretically receive if a company was liquidated.