Examlex

Solved

Senator Smith Says That in Order to Help Poor Countries

question 119

Multiple Choice

Senator Smith says that in order to help poor countries develop, the United States should: 1. Prevent U.S. corporations from investing in poor countries because they take profits that the poor countries should have; 2. reduce or eliminate subsidizes to U.S. producers when poor countries have a comparative advantage producing those goods the U.S. subsidizes; 3. Work to promote political stability in poor countries; and 4. Reduce poor countries reliance on market forces in their economies. How many of these ideas are likely to help poor countries grow?


Definitions:

Utmost Good Faith

A principle requiring parties to a contract to act honestly and not mislead or withhold critical information from one another.

Statutory Requirements

Legal obligations or rules that are established and enforced by legislation.

Powers of Attorney

A legal document that allows one person (the principal) to appoint another person (the agent or attorney-in-fact) to make financial, legal, and health decisions on their behalf.

Junior Account Executive

An entry-level position in sales or advertising, responsible for managing client accounts and supporting senior executives.

Related Questions