For a Low-Income Country to Develop into a High-Income Country

question 86

Multiple Choice

For a low-income country to develop into a high-income country, ____ is (are) needed.

• A)​a sustained and rapid expansion in the money supply
• B)​sustained economic growth
• C)​tax breaks on consumption goods
• D)​deflation

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Definitions:

Frustration of Purpose

A legal doctrine allowing for the termination of a contract when an unforeseen event undermines the contract's core purpose, making its performance impossible or radically different.

Nondisclosure Agreements

Legal contracts that prohibit parties from sharing confidential information disclosed during the course of business engagements.

Sexual Harassment

An unwelcome behavior of a sexual nature that creates an intimidating, hostile, or offensive work environment.

Counteroffers

A reply to an offer in which the original terms are rejected and new terms are proposed.