Concerning Economic Growth, Which of the Following Is True

question 12

Multiple Choice

Concerning economic growth, 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:

Ideologically Bound

Being closely attached or committed to a particular set of beliefs or ideology.

State Debts

The financial obligations incurred by the governments of individual states, often as a result of borrowing to fund public projects and services.

Speculators

Individuals or entities that invest in markets primarily to profit from fluctuations in asset prices, rather than from the intrinsic value or income of the assets.

Face Value

The nominal value or stated value of a financial instrument or currency, as printed or inscribed on it.