Which of the Following Countries Benefited a Lot from the Catch-Up

question 181

Multiple Choice

Which of the following countries benefited a lot from the catch-up effect in the last half of the twentieth century?

• A)Ethiopia
• B)Saudi Arabia
• C)South Korea
• D)Germany

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Definitions:

Transferable

A feature of an asset or financial instrument that allows it to be transferred or sold from one party to another without restriction.

Nonprofit Corporation

An organization established for purposes other than making a profit, such as charitable, educational, or cultural.

Members

Individuals who are formally part of an organization, group, or body, often with specific rights and responsibilities.

Right of First Refusal

A contractual right that gives its holder the option to enter a business transaction with the owner of something before the owner is entitled to enter into that transaction with a third party.