High-Income Nations

question 11

Multiple Choice

High-income nations

• A)are more densely populated than middle- and low-income nations.
• B)make use of factories,big machinery,and advanced technology.
• C)contain half of the world's financial markets.
• D)are culturally homogenous.

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Definitions:

Sales Discounts

A reduction in the price of goods or services sold, offered by the seller as an incentive to buyers.

Cash Flow

The net amount of cash and cash-equivalents being transferred into and out of a business.

Merchandisers

Businesses that purchase goods for resale at a profit, dealing primarily in tangible products that are marketed to consumers or other businesses.

Credit

An accounting entry that increases a liability or equity account, or decreases an asset or expense account; also refers to the provision of resources based on a trust agreement.