All of the following are major factors limiting economic growth in developing countries EXCEPT
A) dead capital.
B) deregulation.
C) inefficient government regulation.
D) corruption.
B
Economics
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Refer to Figure 11-2. Short run output is maximized at
A) L1. B) L2. C) L3. D) insufficient information to determine
Economics
A farm can produce 10,000 bushels of wheat per year with 5 workers and 13,000 bushels with 6 workers. The marginal product of the sixth worker for this farm is:
a. 10,000 bushels. b. 3,000 bushels. c. 500 bushels. d. 23,000 bushels.
Economics