A Fundamental Reason for a Country's Development of Advanced and Specialized

question 31

Multiple Choice

A fundamental reason for a country's development of advanced and specialized factors of production is often its: ​

• A) lack of basic resources.
• B) monetary wealth.
• C) small workforce.
• D) protective tariffs.

---

Definitions:

Trading Volume

It denotes the total number of shares or contracts traded for a specific security or market during a given period.

Bubble

A situation where observed prices soar far higher than fundamentals and rational analysis would suggest.

Crash

A situation where market prices collapse significantly and suddenly.

Money Illusion

The tendency of people to think of currency in nominal, rather than real, terms, thereby neglecting the effect of inflation on purchasing power.