What Was One of the Primary Differences Between North and South

question 52

Multiple Choice

What was one of the primary differences between North and South America that helped determine the difference in development?

• A)North America was colonized by mostly European nations,while South America was not.
• B)South America was more prone to democratic institutions that make decisions about development more difficult.
• C)South America encouraged the private ownership of property,and property owners block the development of their land.
• D)The countries that colonized North America were generally militarily more powerful than those that colonized South America.
• E)The political institutions in North America tended to be more democratic than those in South America.

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Definitions:

Expenses

Costs incurred by a business in the process of earning revenue, which are not directly tied to the production of goods or services.

Accounting Standard-Setting Body

An organization that establishes benchmarks or rules for preparing and presenting financial statements and other related accounting practices.

Securities and Exchange Commission

The U.S. federal agency responsible for regulating the securities industry and ensuring public companies adhere to disclosure laws.

Proprietorship

A business that is owned and run by one individual, where there is no legal distinction between the owner and the business entity.