Markets Clear

question 195

Multiple Choice

Markets clear

• A) in the short run
• B) when a depression occurs
• C) when a recession occurs
• D) roughly every ninety days
• E) eventually

Explain the role of government efforts in supporting economic development and private efforts in developing countries.

Illustrate the challenges posed by widespread political corruption in the economic development of developing nations.

Describe how technological advances, such as new fertilizers, can support economic development in different topographical and climate conditions.

Recognize the role of international aid and institutions, like the World Bank, in supporting economic development in developing nations.

---

Definitions:

Void

A term describing a contract or legal agreement that is null, having no legal force or effect from the beginning.

Minor

A person under the age of legal majority, typically 18 years in most jurisdictions, who has certain restrictions on their legal capacities and responsibilities.

Voidable

Describes a contract or agreement that can be legally declared invalid but remains enforceable until an action is taken to void it.

Unlicensed Party

An individual or entity operating without the required legal permission or certification for certain activities or services.