Developing countries
a. do not benefit from foreign aid
b. do not benefit from private investment
c. generate less than half of their annual flow of foreign exchange from exports
d. must acquire foreign exchange in order to pay for imports
e. need to decrease labor productivity
D
You might also like to view...
Which of the following is most likely to increase productivity growth, as measured using GDP statistics?
a. Reduced capital formation b. Decreased human capital c. Increased research and development d. Increased government regulation e. Higher price of a raw material
An aggregate supply curve with a positive slope is associated with an economy in which: a. input prices and final goods prices always change by the same amount
b. firms expect output prices to be unaffected by changes in input prices. c. nominal wages and salaries do not change much in the short run. d. firms expect consumer demand to be unaffected by changes in prices of final goods.