Which of the Following Is True

question 2

Multiple Choice

Which of the following is true?

• A)Nations achieve high rates of economic growth primarily because of their natural resource endowments.
• B)Human and physical capital investments are largely irrelevant to economic growth.
• C)Poor nations grow slowly because they do not have access to modern technology
• D)A favorable institutional environment will tend to attract more investment in human and physical capital.

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Definitions:

Gift

A transfer of property or assets from one individual to another without the expectation of payment or anything in return.

Landscape Business

A business involved in modifying the visible features of an area of land, including flora, terrain shape, and structures.

Section 1231 Gain

relates to a gain from the sale or exchange of certain types of business property, which may be treated as either capital or ordinary gain for tax purposes.

Capital Gain

The profit earned from the sale of an asset or investment which exceeds its purchase price.