One of the Reasons Why Poor Nations Have Not Been

question 85

Multiple Choice

One of the reasons why poor nations have not been able to close the development gap is:

• A)the lack of human capital needed to identify and absorb new technology.
• B)the scarcity of natural resources required to promote economic growth.
• C)the low birth rates that have reduced the size of human capital.
• D)an uneven distribution of income.
• E)the lack of political stability in the nations.

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Definitions:

Maturity Date

The date on which the final payment on the bond is due from the bond issuer to the investor.

Note Receivable

A financial asset representing a written promise for a debtor to pay a specified sum of money to the creditor on a determined future date or on demand.

Dishonored Note

A promissory note that has not been paid by the issuer at the time of its due date.

Fully Paid

Fully Paid denotes a status where all required payments for a service or product have been completed, with no outstanding amounts due.