Which of the Following Statements Is NOT Correct

question 151

Multiple Choice

Which of the following statements is NOT correct?

• A) Many poor nations have backward financial markets, giving the public no access to foreign investments.
• B) Financial markets offer little security and government regulation in poor nations.
• C) In many poor nations, few people are rich enough to save, and there is capital flight.
• D) Poor nations benefit greatly from globalization through the use of foreign investments.

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Definitions:

Caste Systems

Social stratification systems based on heredity, in which people are placed at birth into unequal groups with specific roles, rights, and duties, prominent in certain cultures.

Apartheid

The system of institutionalized racial segregation and discrimination that existed in South Africa from 1948 until the early 1990s.

Jim Crow Laws

Racial segregation laws enacted in the late 19th and early 20th centuries in the Southern United States, which enforced racial segregation and disenfranchised African Americans.

Extreme Wealth

Refers to the possession of financial assets and resources that vastly exceed those of the average individual, often to the point of allowing significant influence over economic and political processes.