-Intermediaries Perform Three Basic Functions

question 127

Multiple Choice

-Intermediaries perform three basic functions. According to Figure 12-2 above, C represents a(n) __________.

• A)transactional function
• B)facilitating function
• C)middleman function
• D)logistical function
• E)operational function

Distinguish between the different types of aid (bilateral, multilateral) and their implications.

Analyze the factors contributing to the economic growth and development gap between developed and developing countries.

Understand the importance of adopting existing technology for the development of developing countries.

Recognize the role of human capital investment in the development process of newly industrialized economies.

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Definitions:

Stalemate

A situation, often in a game of chess, where no move can lead to a checkmate, resulting in a draw; metaphorically, any situation where progress is impossible.

Alliance

A formal agreement or partnership between individuals, businesses, or countries to pursue shared goals or to meet common objectives.

Forgive Remember

The process of choosing to forgive someone while still remembering the incident to learn from it without holding a grudge.

Perceptual Blocks

Cognitive obstacles that prevent a person from perceiving or interpreting new information correctly.