A reason why many of the third world countries are not achieving an increase in their standard of living is that they
A) don't have a strong central government.
B) don't have strong military power to force people to work harder.
C) don't have social institutions with a strong rule of law and economic freedom.
D) strongly encouraged international trade.
E) don't have enough natural resources.
C
Economics
You might also like to view...
An economy in which government bureaucracy decides how much of a good to produce, how to produce the good, and who gets the good is known as a
A) centrally planned economy. B) market economy. C) mixed economy. D) laissez-faire economy.
Economics
Most economists believe that raising the minimum wage decreases the employment opportunities for low-skilled workers
Indicate whether the statement is true or false
Economics