Which of the following is the main reason why many countries with low living standards remain in that state?
A) The citizens of these countries often spend all of their resources on consumption goods instead of capital goods
B) The citizens of these countries often spend all their resources on capital goods instead of consumption goods
C) The citizens of these countries often spend all their resources on exported goods
D) Insufficient population growth
E) Lack of foreign aid.
Correct Answer:
Verified
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