Compared with Industrialized Economies, Most Developing Countries Are Poor in the Factors

question 38

Multiple Choice

Compared with industrialized economies, most developing countries are poor in the factors of production essential to modern industry. These factors are

• A) capital and skilled labor.
• B) capital and unskilled labor.
• C) fertile land and unskilled labor.
• D) fertile land and skilled labor.
• E) water and capital.

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Definitions:

Spending

The act of disbursing money or resources for various purposes, including procurement, operations, and investments.

IRR

Internal Rate of Return, a financial metric used to evaluate the profitability of potential investments.

Net Cash Flow

The difference between a company's cash inflows and outflows within a specified period.

Calculation

The process of determining something by mathematical or logical methods.