Developing Countries

question 11

Multiple Choice

Developing countries

• A)do not benefit from foreign aid
• B)do not benefit from private investment
• C)generate less than half of their annual flow of foreign exchange from exports
• D)must acquire foreign exchange in order to pay for imports
• E)need to decrease labor productivity

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Definitions:

Cost of Living

The amount of money needed to sustain a certain standard of living, including basic expenses such as housing, food, taxes, and healthcare.

Bar Chart

A diagram that uses rectangular bars to show quantities or numbers so that they can be easily compared.

Gantt Chart

A graphical tool used in project management to represent the timeline of tasks or activities as horizontal bars.

Bar Chart

A graphical representation of data using bars of different heights or lengths to compare values across categories.