To build growth into its economy, a less-developed country must not
A) invest in human capital because the fruits of that investment is long run
B) focus on the infrastructure that has been its problem
C) shift resources out of the production of consumer goods and into the production of
Capital goods because a healthy worker is a productive worker
D) shift resources out of the production of capital goods and into the production of
Consumer goods because they need capital to increase labor productivity
E) engage in curbing population because more workers means more output
Correct Answer:
Verified
Q19: Infrastructure development is not the problem in
Q20: Per capita income is calculated by
A) income
Q21: Per capita income growth is measured by
A)
Q22: Most less-developed countries are characterized by
A) inadequate
Q23: A high proportion of the population under