Why Are Poor Countries Poor

question 182

Multiple Choice

Why are poor countries poor?

• A) because they have more human capital
• B) because they have more physical capital
• C) because they experience high labor productivity
• D) because they experience low labor productivity
• E) because they experience bad weather

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Definitions:

Maintenance Department

A functional area within an organization responsible for the upkeep of physical assets, machinery, and buildings.

Support Department Costs

Expenses that are not directly tied to the production of goods or services but are necessary for supporting the operations of a business, like IT or HR departments.

Direct Method

A way of presenting the cash flow statement where major classes of gross cash receipts and payments are disclosed, offering a more straightforward view of cash flow from operating activities.

Cafeteria Department Costs

Expenses associated with operating a company's cafeteria, including food, labor, and overhead costs.