One Likely Reason That a Country Is Poor Is That

question 97

Multiple Choice

One likely reason that a country is poor is that it _____

• A) does not produce many goods and services.
• B) has a low unemployment rate.
• C) has a low birth rate.
• D) enjoys a low infant mortality rate.
• E) has a high literacy rate.

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Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity available for its day-to-day operations.

Long-term Liabilities

Financial obligations of a business that are due more than one year in the future, such as bonds payable or long-term loans.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year.

Current Liabilities

Financial obligations a company is required to pay within one year, such as accounts payable and short-term loans.