The Development of Countries Like South Korea Has Been Supported

question 2

Multiple Choice

The development of countries like South Korea has been supported by all of the following except

• A) high domestic interest rates.
• B) high domestic saving rates.
• C) large endowments of human capital.
• D) high levels of labor productivity.
• E) reduced government regulation.

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Definitions:

Rate Of Return

The prosperity or setback experienced by an investment over a fixed timeline, posited as a percentage of the investment’s nascent cost.

Savings Account

A deposit account held at a bank or other financial institution that provides a modest interest rate.

Annually

Relating to an event or occurrence that happens once every year.

Compounded Monthly

Interest calculation on a loan or investment where the interest is added to the principal each month, so that each subsequent interest calculation is on a higher amount.