Although endowed with rich natural resources, Nigeria is one of the poorest countries in the world, illustrating that
a. colonialism hinders even resource-rich countries from developing.
b. political and institutional development and stability and sound economic policy are necessary for growth.
c. exploitation by multinational corporations can impoverish even resource-rich countries.
d. resources alone provide a poor basis for economic development.
e. global financial institutions work to the disadvantage of poor nations.
b
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The ”full faith and credit” clause of the Constitution was intended to ______.
a. regulate the flow of commerce within and between states b. ensure that states recognized the contracts and legal proceedings of other states c. give value to the issuing of federal currency and coins d. signal to foreign countries that the United States was to be trusted
The Mexican Peso Crisis of 1994 caused Mexico to borrow $50 billion from the U.S. The funds were repaid in full, and ahead of schedule
Indicate whether this statement is true or false.
Which of the following is NOT an example of a non-tariff barrier?
a. A subsidy b. Health and safety regulations c. Antidumping duties d. Taxes
Congressional elections held in years when the president is not on the ballot are generally known as
A. odd-year elections B. even year elections C. midterm elections D. Congress is never elected without the president being on the ballot as well.