Economic takeoff:

A. occurs when development becomes self-sustaining.
B. will eventually occur in all developing countries.
C. typically occurs in the absence of foreign investment.
D. has yet to occur in any developing country.


Answer: A

Economics

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Based on the Saving-Investment Diagram, if the world real interest rate declines from A to C, then the change in net exports is measured by the difference between values ________

A) G and E B) H and G plus E and D C) H and G minus E and D D) G and F plus F and E E) none of the above

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In a one-period economy, real consumption

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Education and training are ways to build:

A. human capital. B. physical capital. C. technological capital. D. All of these could be true.

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