Which of the following is most likely to be a serious obstacle retarding the growth of less-developed nations?
a. a lack of knowledge about modern technology
b. a lack of natural resources
c. slow population growth
d. low capital formation as the result of a weak legal system
D
Economics
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Which of the following will increase investment spending in the economy, holding everything else constant?
A) an increase in the federal government surplus B) an increase in transfer payments C) an increase in the budget deficit D) an increase in consumer dissavings
Economics
As firms exit a monopolistically competitive market, profits of existing firms ____ and product diversity in the market ____
a. decline; decreases b. rise; decreases c. rise; increases d. decline; increases
Economics