Which of the Following Statements About South Africa's Post-1994 Reintegration

question 28

Multiple Choice

Which of the following statements about South Africa's post-1994 reintegration into the world economy is NOT true?

• A) It has resulted in deep and lasting economic disruptions, just as we see in the post-communist transitions in Eastern Europe.
• B) It has prompted an outflow of South African investment to other countries.
• C) It has led to increased trade with other African countries.
• D) WTO-mandated tariff reductions initially led to heavy job losses in the textile and clothing industries.
• E) Although initially having a negative impact, reintegration has generally been beneficial, leading to a stronger economy.

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Definitions:

Interest Payment

The amount paid over a period for borrowing money or delaying the repayment of a debt, typically expressed as an annual percentage of the principal.

Maturity Date

The date on which a financial obligation or investment becomes due for payment or expires, marking the end of its term.

Bank Loan

A bank loan is a sum of money lent by a bank to a borrower at an agreed interest rate and repayment schedule.

Promissory Note

A written promise to pay a specified sum of money to a designated person or bearer at a fixed or determinable future time.