Which of the following is a reason behind low standards of living in developing countries?
a. High human and physical capital per worker
b. Low human and physical capital per worker
c. Low birth rates
d. High tax rates
e. Low public expenditure
b
Economics
You might also like to view...
A graph of the relationship between two variables is a line that slopes down to the right. These two variables are ________ related
A) trend-line B) negatively C) positively D) not E) directly
Economics
If perfectly competitive lawn care firms are making an economic profit, then
A) wages will be bid up until the economic profit are gone. B) the firms must be superior and will continue to make an economic profit. C) new firms will enter the industry. D) they are not equating marginal revenue to marginal cost. E) government regulation will be imposed to decrease their profit.
Economics