The Lack of Capital in Developing Nations Causes

question 43

Multiple Choice

The lack of capital in developing nations causes

• A) labor productivity to remain low.
• B) the savings rate to be too high.
• C) output to be low in the present but high in the future.
• D) consumption rates to be too high.

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Definitions:

Michel Foucault

A French philosopher known for his critical studies of social institutions and his theories on power and knowledge.

Necessary Outcome

Necessary outcome refers to an effect or result that is certain to happen as a consequence of specific actions, conditions, or other outcomes.

Frederic Jameson

An American literary critic and Marxist political theorist known for his analysis of contemporary cultural trends and the concept of postmodernity.

Postmodern Society

A social order characterized by a diverse, decentralized, and often skeptical approach to narratives of progress, truth, and the concept of a unified social theory.