Between 1973 and 1982 Developing Countries Were Also Harmed by Three

question 18

Multiple Choice

Between 1973 and 1982 developing countries were also harmed by three international shocks which included

• A) increase in oil prices, increase in commodity imports and higher interest rates on the foreign debt.
• B) increase in oil prices, reduction in their terms of trade and lower profits on simple ISI products.
• C) increase in oil prices, improvement in their terms of trade and higher interest rates on the foreign debt.
• D) increase in oil prices, reduction in their terms of trade and lower interest rates on the foreign debt.
• E) increase in oil prices, reduction in their terms of trade and higher interest rates on the foreign debt.

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Definitions:

Transfer Warranty

A guarantee in legal documents, especially in sales of goods, assuring the recipient that the transferor has valid title and that the transfer is rightful.

Presentment Warranty

Assurance given in a transaction that certain facts are true as of the time of the deal, generally related to financial instruments.

Draft

A preliminary version of a document, plan, or design that is open for discussion, revision, or improvement.

Forged

Refers to the illegal creation, alteration, or imitation of documents, signatures, or objects with the intent to deceive.