While Many Developing Countries Have Reformed Their Economies in Order

question 86

Multiple Choice

While many developing countries have reformed their economies in order to imitate the success of the successful industrial economies, the process remains incomplete and most developing countries tend to be characterized by all of the following except:

• A) seigniorage.
• B) control of capital movements by limiting foreign exchange transactions connected with trade in assets.
• C) use of natural resources or agricultural commodities as an important share of exports.
• D) a worse job of directing savings toward their most efficient investment uses.
• E) reduced corruption and poverty due to limited underground markets.

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Definitions:

Universal Style

A hypothetical leadership approach presumed to be effective across different situations and groups, though in practice, leadership effectiveness often varies with context.

Team Outcomes

The results or outputs produced by a group working together towards common objectives.

Behavioral Approach

A strategy focusing on individuals' observable behaviors and the ways in which it can be influenced by the environment, rather than on internal states or mental processes.

High Task-High Relationship

A leadership style characterized by a strong focus on both accomplishing tasks and fostering positive relationships.