Asked by Abigail Stewart on Jul 29, 2024
Verified
Economists would most likely suggest that advanced nations can best assist in the economic development of developing nations by
A) increasing the amount of military aid to strengthen the government's role in providing law and order.
B) increasing trade barriers so that less-developed nations will become more self-sufficient.
C) reducing trade barriers and increasing the amount of private and public capital.
D) decreasing the amounts of private capital or foreign aid to reduce the level of neocolonialism.
Economists
Professionals who study and analyze the production, distribution, and consumption of goods and services.
Economic Development
Refers to the process by which a country improves the economic, political, and social well-being of its people.
Trade Barriers
Restrictions imposed by governments to regulate international trade, including tariffs, quotas, and non-tariff barriers.
- Comprehend the function of global aid and entities like the World Bank in fostering economic development within developing countries.
Verified Answer
JA
Jamie AllisonAug 04, 2024
Final Answer :
C
Explanation :
Reducing trade barriers and increasing the amount of private and public capital can help developing nations by providing them with more opportunities for trade and investment, which can stimulate economic growth and development.
Learning Objectives
- Comprehend the function of global aid and entities like the World Bank in fostering economic development within developing countries.