Countries with an Inadequately Trained Work Force and Few Entrepreneurs

question 166

True/False

Countries with an inadequately trained work force and few entrepreneurs often achieve the highest levels of income by relying on a large number of workers.
Poor countries often have plenty of labor and access to adequate capital.However,the two factors of production that are most critical in generating national wealth are entrepreneurship and knowledge.A country found lacking in these will experience relatively low levels of income.

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Definitions:

Residual Standard Deviations

A measure of the amount of variance in a set of data points that is not explained by the predictive variables in a regression model.

Market Portfolio

A theoretical bundle of investments that includes every type of asset available in the market, with each asset weighted according to its total presence in the market.

Time-Weighted Return

A measure used to evaluate the performance of an investment portfolio by calculating the compound rate of growth over a specified period, eliminating the impact of inflows and outflows of money.

Dividend

A portion of a company's earnings that is paid to shareholders, typically on a quarterly basis, as a reward for investing in the company.