Which of the following is most likely to be a serious obstacle retarding the growth of less-developed nations?
A) A lack of knowledge about modern technology.
B) A lack of natural resources.
C) Slow population growth.
D) Low capital formation as the result of a weak legal system.
Correct Answer:
Verified
Q2: Economic growth is likely to be faster
Q3: Which of the following will discourage investment?
A)
Q4: Which of the following would be most
Q5: Which of the following would be most
Q6: When the money supply is expanding and
Q7: When competition is present and property rights
Q8: In a market economy, what determines whether
Q9: A legal system that protects private property
Q10: Which of the following is an important
Q11: When a country's inflation rate varies substantially
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