The Labels First World,Second World,and Third World Represent a Common,if

question 35

Multiple Choice

The labels First World,Second World,and Third World represent a common,if ethnocentric,way of categorizing nations.First World refers to the democratic West,which is traditionally conceived of as being in opposition to a Second World ruled by

• A) folk economic and political models.
• B) primitive neoliberalism.
• C) Communism.
• D) dictators.
• E) imperialism.

---

Definitions:

Present Value

The present day value of an anticipated future amount of money or series of cash receipts, calculated with an established rate of return.

CCA Tax Shield

Refers to the reduction in taxable income for businesses through the deduction of depreciation on long-term assets.

Operating Cash Flow (OCF)

Cash generated from a company's regular business operations, indicating its ability to generate sufficient revenue to maintain operations.

Equivalent Annual Cost

A financial metric used to compare the cost effectiveness of various investments with different lifespans, by converting costs into an annualized figure.