Which of the following statements is correct?
A. Saving is high in less developed nations because the opportunities for consumption are limited
B. For developing nations, the annual rate of population increase is about 5 percent
C. Most of the labor forces of developing nations are engaged in light industrial production
D. Investment is low in developing nations, making it difficult to increase productivity and incomes
D. Investment is low in developing nations, making it difficult to increase productivity and incomes
You might also like to view...
An unexpected drop in the LEI should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
An adverse supply shock would shift _____
What will be an ideal response?
The equilibrium price under an import quota is below the price that occurs with free trade.
Answer the following statement true (T) or false (F)
Along the short-run Phillips curve SRPC2 the natural unemployment rate is
A) 8 percent. B) 3 percent. C) 4 percent. D) 6 percent. E) an amount that can be determined from the figure but none of the above answers is correct.