Which of the Following Can Be a Barrier to an LDC's

question 81

Multiple Choice

Which of the following can be a barrier to an LDC's economic growth and development?

• A) Low population growth.
• B) A low level of human capital.
• C) Faster capital accumulation.
• D) More infrastructure.

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Definitions:

100% Efficiency

A theoretical situation where all resources are utilized to their maximum capacity without any waste, often used as a benchmark or target in productivity and operations management.

Variances

Differences between planned figures and actual performance or results, often analyzed in budgets and standard costing.

Production Costs

The total cost incurred by a company to manufacture a product or offer a service, including raw materials, labor, and overhead expenses.

Management

The method of strategizing, structuring, guiding, and managing resources to accomplish particular objectives.