Which one of the following statements is TRUE? A) Evidence has shown that the mo

Question

Which one of the following statements is TRUE?

A) Evidence has shown that the most effective way to promote devlopment is to increase international aid.

B) Most multilateral support to developing countries comes in the form of loans that must be repaid.

C) The Washington Consensus policies suggest that countries use tariffs and other trade barriers to allow infant industries time to compete in world markets.

D) As a result of the Washington Consensus policies, economic growth rates among developing countries have increased dramatically.

Explanation / Answer

TRUE: Most multilateral support to developing countries comes in the form of loans that must be repaid.

Developing countries sometimes need loans for their economical activities. Generally these loans are provided by IMF, World Bank, or from developed countries. Such loans bear interests which are to be paid in time.

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.