Conditions of today's developed countries at the start of their industrialization differ from conditions in the developing world in that
a. population growth rates were higher.
b. more advanced technology was available.
c. there were more opportunities for development assistance.
d. none of the above.
D
You might also like to view...
Discuss how taxes affect product and input markets
What will be an ideal response?
The 2006-2008 period can be accurately described as a time of stagflation
a. True b. False Indicate whether the statement is true or false
Which of the following best explains the political attractiveness of debt financing relative to taxation?
a. Debt financing pushes the visible cost of government into the future. b. Debt financing exposes the current costs of government programs; taxes do not. c. Debt financing reduces the attractiveness of special-interest spending. d. Taxes allow politicians to supply voters with immediate benefits without having to impose a visible cost.
Monopolistic competitors advertise because
A. they produce goods that can be differentiated from the goods of other firms in the industry. B. they have downward sloping demand curves. C. the demand curves they face are very elastic. D. they can earn long-run profits if they advertise.