The False Paradigm Model Attributes Lack of Development to

question 6

Multiple Choice

The false paradigm model attributes lack of development to

• A)inadequate attention to price incentives.
• B)inappropriate advice from rich country economists.
• C)low levels of savings and investment.
• D)a lack of government regulation.

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Definitions:

Sole Proprietorship

Business ownership in which there is no legal distinction between the sole proprietor’s status as an individual and his or her status as a business owner.

Partnership

A legal business structure where two or more individuals agree to share the profits and losses of a business.

Corporation

Legal organization with assets and liabilities separate from those of its owner(s).

Franchise

A licensing agreement where a franchisor allows a franchisee to use its brand, products, and operating methods.