According to Economists, Developing Countries Can Close the Gap with Developed

question 172

Multiple Choice

According to economists, developing countries can close the gap with developed countries because _____

• A) they have a high fertility rate.
• B) they can easily develop new technology.
• C) they can easily adopt the existing technology.
• D) they have high levels of literacy and education.
• E) they focus more on the agricultural sector.

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Definitions:

Line of Credit

A flexible loan from a bank or financial institution, where a borrower can access funds up to a specified limit at any time.

Lockbox System

A service provided by banks to process payments quickly by allowing companies to have their customers send payments to a special post office box.

Disbursement Float

The time lag between when a payment is issued by a payer and when the funds are actually withdrawn from the payer's account.

Receivable Accounts

Balances of money due to a company for goods or services provided that have not yet been paid by customers.