Countries that are technologically backward can grow faster by _____.
A)developing new technologies
B)adopting existing technologies
C)adopting the policy of import substitution
D)focusing more on the agricultural sector
E)not accepting aid from abroad

Question

Quizplus · Accepted Answer

Adopting existing technologies can be a quicker and more cost-effective way for technologically backward countries to catch up with more advanced ones. By importing and implementing technologies from more developed nations, these countries can increase their productivity, efficiency, and competitiveness in various industries. This can lead to economic growth and development. Developing new technologies can be a longer and more expensive process and may not be feasible for some countries without the proper resources and expertise. Adopting a policy of import substitution can lead to protectionism and limit the country's access to global markets, while focusing solely on the agricultural sector may not be enough to sustain long-term economic growth. Not accepting aid from abroad can limit a country's access to resources and technology that can help them develop.

Countries That Are Technologically Backward Can Grow Faster by _____