People in Poor Countries May Have Difficulties Achieving Economic Growth

question 198

Multiple Choice

People in poor countries may have difficulties achieving economic growth because:

• A) their production possibilities curves slope upward instead of downward.
• B) they must cut back on current consumption to increase capital goods.
• C) they have a solid consumption base already in place.
• D) their resource bases are fully developed.
• E) the law of increasing costs makes it hard to produce more goods.