Why did one prominent economist state that in the late 1990s "hundreds of billions of dollars were being left on the table" in Eastern Europe?
A)The governments in these countries refused to allow the import of Western goods.
B)Entrepreneurs were unable to fund new businesses while savers were unable to earn returns on their savings.
C)The financial markets in Eastern Europe were attracting billions of dollars from small investors in the West.
D)Many newly formed businesses in these countries were charging prices that were too low.

Question

Quizplus · Accepted Answer

The prominent economist stated that there were "hundreds of billions of dollars being left on the table" in Eastern Europe in the late 1990s because entrepreneurs were unable to fund new businesses while savers were unable to earn returns on their savings. This suggests that there was a lack of investment and lending opportunities in the region, leading to unutilized capital.

Why Did One Prominent Economist State That in the Late