One Important Reason Why the Loans to Less Developed Countries

question 27

Multiple Choice

One important reason why the loans to less developed countries went bad was

• A) lower inflation rates in developed countries.
• B) higher oil prices after 1982.
• C) larger government deficits among developing countries.
• D) higher interest rates in the early 1980s.

---

Definitions:

Regular Warfare

Conventional conflict between the military forces of nation-states or coalitions, typically involving direct, open engagement between opposing armies.

Location Of Hostilities

The specific geographical area where conflicts or military operations are actively occurring.

Type Of Tactics

Various strategies or methods employed to achieve a particular objective or to tackle situations.

Irrationality

The act of behaving or making decisions that lack reason or logical thinking.