7. The helping hand of advanced countries Which of the following actions may hel

Question

7. The helping hand of advanced countries

Which of the following actions may help a less-developed country (LDC) escape from the vicious circle of poverty? Check all that apply.

7. The helping hand of advanced countries Which of the following actions may help a less-developed country (LDC) escape from the vicious circle of poverty? Check all that apply OTechnological help from industrially advanced countries Setting the currency exchange rate above the market-determined exchange rate Aid from wealthy countries Loans from international organizations, wealthy countries, and private banks Restrictions on foreign private investment

Explanation / Answer

1)technological help from advanced countries,

2)setting currency exchange rate above the market-determined exchange rate. As higher exchange rate enables to get more of foreign currency they are buying. The Higher exchange rate will increase LDC's purchasing power.

3) Ais from wealthy countries.

4) Loans from wealthy countries, international organizations, private banks

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