Which of the Following Is Most Likely to Be a Serious

question 77

Multiple Choice

Which of the following is most likely to be a serious obstacle retarding the growth of less-developed nations?

• A) A lack of knowledge about modern technology.
• B) A lack of natural resources.
• C) Slow population growth.
• D) Low capital formation as the result of a weak legal system.

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Definitions:

Privity Of Contract

A doctrine in contract law which states that contracts are only binding on the parties signing the agreement and no third party can enforce the contract or be sued under it.

Strict Liability

A legal doctrine holding an individual or entity responsible for damages or harm caused without the need for proof of negligence or fault.

Modified

This term refers to something that has been changed or altered from its original form.

Snowmobile

A motorized vehicle designed for travel over snow, typically operated on open terrain or established trails.