One of the main causes of economic inequality in Latin America is the
A) failure of governments to support urban consumers.
B) lack of progress in raising agricultural productivity.
C) lack of governmental interest in solving the problem of inequality.
D) focus of governments on agricultural exports to the detriment of food production.
E) oil crisis of the 1970s.
B
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The quintile distribution of family income in the United States shows
A) the average incomes of 5-person families grouped by age, sex, race, education, and similar factors. B) the percentage of total family income received by each 5 percent of U.S. families grouped by income. C) the percentage of total income received by each 20 percent of U.S. families grouped by income. D) the percentage of total family income spent on food, clothing, shelter, medical care, and essential services. E) the percentage of total family income stemming respectively from wages, interest, profit, rent, and welfare grants or other transfers.
Suppose y = Ak1/3, the capital-labor ratio is $30,000 per worker, the level of total factor productivity is 400, 50% of the population works, and there are 50 million workers. Real GDP per worker is
A) $9,861.69. B) $12,424.66. C) $15,530.82. D) $18,067.92.