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.

---

Definitions:

Financial Statements

Reports that summarize the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement.

Trial Balance

A bookkeeping report that lists the balances of all ledgers and accounts to check that debits equal credits.

Adjusted Trial Balance

A trial balance prepared after all adjustments for accrued, deferred, and estimated items have been posted, showing the balances of all accounts that will be used to prepare the financial statements.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period of time.