A less-developed nation will be able to benefit substantially by adopting the technologies and the business practices that have been successful in other nations, but only if
a. its wages are low enough.
b. its population is large enough.
c. it first educates its citizens well, so they can use the new ideas.
d. it improves its institutions so that investors are willing to import the capital and any expertise needed to take advantage of the advanced production techniques that are available.
D
Economics
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Government expenditure does not include transfer payments
Indicate whether the statement is true or false
Economics
Figure 32.1 represents the market for loanable funds. The equilibrium interest rate
A. Is less than the rate of return on capital. B. Is equal to the risk premium. C. Represents the price paid for the use of money. D. Is greater than the rate of return on capital.
Economics