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

question 62

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)the United States
• C)Canada
• D)South Korea

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Definitions:

Common Stock

A type of security that represents ownership in a corporation, entitling the holder to vote on corporate matters and receive dividends.

Paid-In Capital

Represents the funds raised by a company through the sale of its own shares rather than through borrowed capital or earnings.

Stock Dividend

A dividend payment to shareholders in the form of additional shares of stock, rather than cash.

Par Value

The nominal or face value of a bond, share of stock, or coupon as indicated on the certificate. It is a legal amount per share that represents the minimum stock value.