Although endowed with rich natural resources, Nigeria is one of the poorest countries in the world, illustrating that
a. colonialism hinders even resource-rich countries from developing.
b. political and institutional development and stability and sound economic policy are necessary for growth.
c. exploitation by multinational corporations can impoverish even resource-rich countries.
d. resources alone provide a poor basis for economic development.
e. global financial institutions work to the disadvantage of poor nations.
b
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The Bill of Rights in the Texas constitution describes the structure of government
Indicate whether the statement is true or false.
The use of a comprehensive business income tax would eliminate which of the following?
A. regressive income tax B. complicated tax structure C. double application of the flat tax D. double taxation of business profit