Evidence on Developing Countries' Debt Suggests That Lenders Have

question 13

Multiple Choice

Evidence on developing countries' debt suggests that lenders have:

• A) consistently made huge profits by lending money to these countries.
• B) engaged in predatory lending practices.
• C) at best broken even by lending to these countries.
• D) done much worse on their investments to advanced countries.

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Definitions:

Utilitarian

Pertaining to the ethical philosophy that proposes actions are right if they are useful or for the benefit of a majority.

Teleological

Relating to teleology, the philosophical study of purpose, design, or end goals in natural occurrences.

Justice

The fair and equitable treatment in accordance with the law, including the fair administration of laws and the impartial resolution of disputes.

Corporate Social Responsibility

A business model that requires companies to operate in an ethical and sustainable manner, considering their social, environmental, and economic impact.