In Recent Years, the Governments of the IACs Have

question 102

Multiple Choice

In recent years, the governments of the IACs have

• A) forgiven a portion of the debt owed by some low-income DVCs.
• B) substantially reduced foreign aid to the DVCs.
• C) substantially reduced their contributions to the World Bank.
• D) discouraged skilled DVC workers from emigrating to the IACs.

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Definitions:

John McCain

John McCain was an American politician and military officer who served as a United States Senator from Arizona from 1987 until his death in 2018. He was the Republican nominee for President of the United States in the 2008 election.

Household Debt

The combined debts of all members of a household, including mortgages, credit cards, car loans, and other forms of personal debt.

Economic Measures

Actions or policies implemented by governments or organizations to influence the economic activity in a country or region, including taxation, monetary policy, and government spending.

1990s and 2000s

The period of the 1990s and 2000s saw significant technological advancements, the expansion of global trade, and pivotal cultural and political changes influencing the global landscape.