Among the reasons that the poor countries have been unable to close the "technology gap" with the rich countries is
A)poorly established property rights.
B)poorly developed financial markets.
C)low education levels.
D)all of the above
E) none of the above

Question

Quizplus · Accepted Answer

Poorly established property rights make it difficult for individuals to invest in and profit from new technologies. Poorly developed financial markets limit access to capital necessary for research and development. Low education levels limit the ability of individuals to innovate and develop new technologies. Therefore, all of the above factors contribute to the inability of poor countries to close the technology gap with the rich countries.

Among the Reasons That the Poor Countries Have Been Unable