Economic growth is difficult for poor countries because
A. governments must fund capital production and research out of tax revenues.
B. resources must be taken away from consumer goods to pay for capital goods.
C. those wealthy enough to invest in domestic industries may choose to invest abroad instead.
D. All of the choices are true.
D. All of the choices are true.
You might also like to view...
The process by which inputs are transformed to outputs is referred to as:
A) production. B) distribution. C) depreciation. D) absorption.
In the circular flow model, which of the following items is a real flow?
A. The flow of government expenditures to firms for the goods bought B. The flow of income from firms to households for the services of the factors of production hired C. The flow of U.S. borrowing from the rest of the world D. The flow of labor services from households to firms