Foreign Borrowing Is Consistent with Development When

question 21

Multiple Choice

Foreign borrowing is consistent with development when:

• A) the additional investment and imports are put to productive use.
• B) it increases total imports.
• C) it increases total savings.
• D) a country can afford the debt service payments.

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Definitions:

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States, marked by high unemployment and poverty.

Freedom Of Contract

The legal principle that individuals have the right to freely enter into agreements and contracts without unreasonable government interference.

Workforce

The group of people who are engaged in or available for work, either in a particular area or in a specific industry or occupation.

Industrial Professions

Careers associated with the manufacturing and production sectors, including roles in engineering, management, and skilled labor.