If a Poor Country Is Going to Grow Rapidly and Achieve

question 35

Multiple Choice

If a poor country is going to grow rapidly and achieve a high level of per capita income, which of the following is most important?

• A) abundant natural resources
• B) substantial aid from rich countries
• C) central planning and a high level of government expenditures
• D) institutions and policies that encourage productive activities

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Definitions:

Market Share

The portion of a market controlled by a particular company or product.

Financial Results

The summary outcomes of a company's operations and activities, often presented in terms of income, revenue, profit, and loss.

Subsidiary

A company controlled by another company, often referred to as the parent company.

Acquisition

The process or act of obtaining control, possession, or ownership of a company or assets by purchasing or merging with it.