Which of the Following Is True of the Washington Consensus

question 35

Multiple Choice

Which of the following is true of the Washington Consensus? 

• A) It provided measures that governments can take in order to move toward a command economy. 
• B) It listed the bail out procedures that governments could follow in case of a firm's bankruptcy. 
• C) It advocated more governmental control in trade. 
• D) It advocated the superiority of private ownership over state ownership.

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Definitions:

Olfactory

Relating to the sense of smell.

Fragrance

A scent or aroma, often used in products like perfumes and cosmetics to give them a pleasant smell.

Physiological Needs

Those relating to the basic biological necessities of life.

Maslow's Hierarchy

A psychological theory proposing that human needs are arranged in a hierarchical order, from basic physical needs to self-actualization.