What Is the Fourth World Concept

question 1

Multiple Choice

What is the Fourth World concept?

• A) the former Soviet Union and other former communist states
• B) large populations and geographic areas that are irrelevant to the global economy
• C) countries that are even poorer than those placed in the Third World category
• D) countries that used to be considered part of the Third World but have moved up

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Definitions:

Short-Term Notes Payable

Short-duration loans evidenced by promissory notes that a company must pay within a year or within its operating cycle, whichever is longer.