In Discussing Development Opportunities for a Region, Social Capital Refers

question 4

Multiple Choice

In discussing development opportunities for a region, social capital refers to:

• A) investments in social services such as education and health clinics.
• B) foreign capital that is provided by social service and other nonprofit groups.
• C) opportunities for development, such as creating jobs for unemployed workers.
• D) a form of sustainable development.
• E) social ties and networks within a community that can help the community develop.

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Definitions:

Infant-Industry Argument

The justification for protective tariffs to shield emerging domestic industries from international competition until they become competitive.

Free Trade

The policy of allowing goods and services to be traded between countries with few or no restrictions or tariffs.

General Agreement

A broad consensus or mutual understanding among parties on a specific set of terms or conditions in various contexts.

Tariffs

Taxes imposed on imported goods, typically used by governments to protect domestic industries and regulate trade balance.