Compared to the leader countries, the follower countries can grow at a faster rate because:
What will be an ideal response?
follower countries can skip past many stages of technology that the leader countries had to pass through
You might also like to view...
There is a man yelling for help on a crowded subway platform. What are two reasons that the man may not get the help he needs?
What will be an ideal response?
Refer to the table above. Suppose that the only variable input that the firm uses is labor. What is the wage paid to a worker in the firm?
A) $1 B) $5 C) $10 D) $15
In 2003, Japan restricted imports of beef from the United States because of fear of mad cow disease. This is an example of
a. an anti dumping measure. b. protecting an infant industry. c. a voluntary restraint measure. d. a technical barrier.
When commercial banks extend loans, they are able to expand the supply of money in the United States because the U.S. has
a. a fiat supply of money. b. money that is backed by gold. c. a fractional reserve banking system. d. a system of federal deposit insurance.