What Do We Call the Process in Which a Country

question 12

Multiple Choice

What do we call the process in which a country with significant manufacturing becomes more and more reliant on exports of minerals, natural resources, and agricultural goods?

• A) philanthrocapitalism
• B) industrialization
• C) reprimarization
• D) export-oriented industrialization

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Definitions:

MACRS

Modified Accelerated Cost Recovery System, a method of depreciation for tax purposes in the United States that allows faster write-offs of assets.

Straight-Line

A method of calculating depreciation of an asset, which allocates an equal amount of depreciation to each year of the asset's useful life.

Sum-Of-Years' Digits

A depreciation method that accelerates the expense recognition, using a decreasing fraction of years remaining over the sum of the years' digits.

Double-Declining Balance

A method of accelerated depreciation which doubles the normal depreciation rate, reducing the asset's book value more quickly in its early years.