While Many Developing Countries Have Reformed Their Economies in Order

question 82

Multiple Choice

While many developing countries have reformed their economies in order to imitate the success of the successful industrial economies, the process remains incomplete and most developing countries tend to be characterized by all of the following EXCEPT

• A) seigniorage.
• B) control of capital movements by limiting foreign exchange transactions connected with trade in assets.
• C) use of natural resources or agricultural commodities as an important share of exports.
• D) a worse job of directing savings toward their most efficient investment uses.
• E) reduced corruption and poverty due to limited underground markets.

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Definitions:

NBA

National Basketball Association, a professional basketball league in North America composed of 30 teams.

Social Media

Platforms and websites that enable users to create and share content or to participate in social networking.

BPM

Stands for Business Process Management, a systematic approach to improving an organization's workflow to be more efficient and adaptable.

Efficiency

Refers to the degree to which a process or system can achieve its goals with minimal waste of time, resources, or effort.