Although Africa's debt/GNP ratio is larger than Latin America's, the debt-service burden is lighter. Explain this and relate it to changes in the nature of development lending in the 1970s
What will be an ideal response?
The key issue is Africa's continued reliance on lower-interest aid, while development of the Euromarket led Latin American countries to seek higher-interest loans that did not come with aid-type restrictions.
Economics
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Along a straight line, when x equals 90, then y equals 30. When x equals 120, then y equals 40. The slope of the straight line is
A) 1/3. B) -1/3. C) 3. D) -3.
Economics
Workers in the United States were granted the legal right to engage in collective bargaining by the
A) National Labor Relations Act. B) Taft-Hartley Act. C) Landrum-Griffin Act. D) Knights of Labor Act.
Economics