Which of the Following Countries Benefited Significantly from the Catch-Up

question 124

Multiple Choice

Which of the following countries benefited significantly from the catch-up effect in the last half of the twentieth century?

• A)Ethiopia
• B)the United States
• C)Canada
• D)South Korea

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Definitions:

Joint Arrangement

An agreement between two or more parties to undertake an economic activity that is subject to joint control.

Controlling Interest

Ownership of a portion of a company that is large enough to influence or control its operations and decisions, typically over 50% of the voting rights.

Equity Contribution

Capital provided by owners or shareholders to a firm in exchange for an ownership interest or stock.

Initial Investment

The initial amount of capital used to start a business or investment.