Which of the following is a barrier to economic growth in low-income countries?

Question

Quizplus · Accepted Answer

Lack of investment in research and development can be a major barrier to economic growth in low-income countries as it limits the ability to develop new technologies, improve productivity, and compete in the global marketplace. Without investment in R&D, these countries may remain stuck in low-productivity sectors and struggle to attract foreign investment. The other options (A, B, D, and E) may not necessarily be barriers to economic growth in low-income countries and can even be indicators of other economic factors. For example, a shortage of labor may indicate a high demand for labor or an aging population, which can have different impacts on economic growth.

Which of the Following Is a Barrier to Economic Growth