The ________ capital in developing nations causes labor productivity to remain low.
A. reassignment of
B. lack of
C. increase in privately controlled
D. subsidized
Answer: B
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Which of the following is true?
i. The advanced economies account for more than half of global production. ii. Almost four out of every five people in the world live in the developing economies. iii. In the advanced economies, agriculture accounts for a larger part of total production than in the developing economies. A) Only i and ii B) i, ii, and iii C) Only i D) Only ii and iii E) Only i and iii
If the population of Country A grows at 3% a year but technology growth is zero, then the neoclassical model predicts that in the steady state
a. the capital-to-labor ratio will increase at 3% a year. b. per capita output to grow at 3% a year. c. per capital output to grow at less than 3% a year. d. the capital-to-labor ratio to decrease at 3% a year. e. a and b.
Which of the following will lead to a decrease in aggregate demand in the United States?
a. a higher price level b. a decrease in the real interest rate c. rapid growth in real income in Japan and Western Europe d. an increase in the exchange rate value of the dollar
The principle of diminishing marginal utility states that marginal utility:
A. is positive. B. falls after some point. C. is always falling. D. is negative.