Development economists suggest that the best strategy for the poorest DVCs to break out of their poverty is to implement policies that boost their:
A. Population growth for a greater labor supply
B. Output and slow down their population growth
C. Birth rates to expand their available resources
D. Mortality rates to slow down their population growth
B. Output and slow down their population growth
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A change in a price of a substitute input for labor will cause
A) a change in the demand for labor in the opposite direction of the price change. B) no change in the demand for labor. C) a change in the supply of labor in the opposite direction of the price change. D) a change in the demand for labor in the same direction of the price change.
If automobiles and gasoline are complements, then their cross-elasticity coefficient will be:
A. strictly greater than one. B. positive. C. equal to zero. D. negative.