All of the Following Are Factors That Limit a Poor

question 4

Multiple Choice

All of the following are factors that limit a poor nation's economic growth except

• A) insufficient capital formation.
• B) insufficient controls on free trade.
• C) lack of entrepreneurial ability.
• D) lack of human capital.

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Definitions:

Compounded Continuously

A method of calculating interest where the interest amount is constantly added to the principal, leading to exponential growth.

Annual Interest Rate

The percentage of a sum of money charged for its use per year.

Compounded Continuously

A way of calculating interest where the frequency of compounding is so high that it is effectively continuous, leading to exponential growth.

Exponential Equation

An equation in which a variable appears in the exponent, showing the rate of growth or decay.