Which of the following is not an obstacle to development for many less-developed countries?
a. limited capital goods production
b. lack of infrastructure
c. lack of skilled workers
d. dependence on exports of natural resources
e. high savings rate
E
Economics
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Which of the following directly creates growth in labor productivity?
I. Growth in capital per hour of labor II. Technological change III. Population growth A) I only B) II only C) I and II D) I and III
Economics
Sunk costs
A) are costs that firms sink into marketing. B) are important for optimal decision making. C) are costs associated with repairing something you already own. D) are costs that have already been paid and cannot be recaptured in any significant way.
Economics