Which of the following methods of importing technological change is available to a poor country which Gordon describes as being caught in the "poverty trap"?
A) Copy modern products made in rich countries.
B) Purchase imported machinery that embodies the latest technology.
C) Obtain investment by foreign firms.
D) None of the above.
D
Economics
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The effects of asymmetric information in the car market can be weakened by:
a. providing a warranty for the product. b. purchasing business interruption insurance. c. inserting a "buyer beware" clause in the agreement. d. buying a "put" option.
Economics
For a rational consumer, the consumer's surplus will never be a negative number
a. True b. False Indicate whether the statement is true or false
Economics