Which of the Following Would Be Most Likely to Improve

question 37

Multiple Choice

Which of the following would be most likely to improve the standard of living of people in less-developed nations?

• A)the development of strong labor unions
• B)an increase in foreign investment
• C)an increase in the share of the population under fifteen years of age
• D)higher tariffs and the imposition of other restraints designed to restrict international trade

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Definitions:

Partnerships

A form of business organization in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a partnership agreement.

Cooperatives

Business organizations owned and operated by a group of individuals for their mutual benefit, where members democratically control the operations and profits are distributed according to each member's contribution.

Legal Taxable Entity

An organization or individual subject to tax laws, with an obligation to file tax returns and pay taxes based on income or transactions.

Shares of Stock

Units of ownership interest in a corporation or financial asset, giving shareholders a claim on part of the company's assets and earnings.