All Countries Have Some Resources and Technology Available to Them

question 69

Multiple Choice

All countries have some resources and technology available to them.The ones that grow fastest are the ones that

• A) hoard their resources and never use them.
• B) invade other countries to capture their resources.
• C) have the institutions in place that allow those resources to be fully exploited.
• D) allow other countries to extract their resources for payment.
• E) require that all resources are collectively owned.

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Definitions:

Capital Account

An account on a company's balance sheet that represents the equity or ownership interests of shareholders, including paid-in capital and retained earnings.

Partnership Interest

Partnership interest is an ownership share in a partnership that entitles the holder to a portion of the entity's profits and losses.

Capital Balance

The amount of money invested in a company by its owners or shareholders, not including any profits or earnings.

Net Assets

The total assets of an entity minus its total liabilities, representing the entity's equity value or net worth.