Some poor countries appear to be falling behind rather than catching up with rich countries. Which of the following could explain the failure of a poor country to catch up?
a. The poor country has a health epidemic such as the Zika virus
b. The poor country imposes heavy tariffs to protect infant industries
c. The poor country has many corrupt officials
d. All of the above
d
Economics
You might also like to view...
Once a country has a comparative advantage in producing a product, it cannot lose that advantage
Indicate whether the statement is true or false
Economics
The low saving rate in the United States is no cause for concern, so long as people in other countries are saving and are willing to send their savings into the U.S. economy by buying our assets. Comment
What will be an ideal response?
Economics