One of the negative consequences of poor or nonexistent formal financial institutions for the economy in LDCS is:
a. crime rates are high because people try to steal money they desperately need
b. people are forced to borrow from family members
c. there is no capital created or invested
d. the only place to keep one’s money is in a piggy bank
c. there is no capital created or invested
Political Science
You might also like to view...
Higher education began to receive attention when the economy shifted from ______.
A. agriculture to technology B. technology to energy C. agriculture to industry D. industry to energy
Political Science
Attempts to discuss topics of interest with a member of the legislature in an ambush-style meeting in the public hallways outside a legislative chamber is the original form of what's still known as
A. guerrilla influence. B. "gottcha" politics. C. influence peddling. D. lobbying.
Political Science