Compared with the United States, developing countries
A. face geographic conditions that limit productivity.
B. have universal health care that prevent the spread of diseases.
C. have more political stability.
D. have higher levels of educational attainment.
Answer: A
Economics
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Larger countries will trade more with one another; this is empirically supported by:
a. the intra-industry trade. b. the increasing returns to scale. c. the gravity equation. d. the comparative advantage.
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Which of the following is NOT one of the Fed's monetary policy tools?
A) last resort loans B) the required reserve ratio C) the income tax rate D) buying and selling U.S. government securities
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