Capital Flight Is a Problem Facing DVCs That Involves the

question 263

Multiple Choice

Capital flight is a problem facing DVCs that involves the

• A)difficulty of sustaining skilled workers in the government sector of the DVC economies.
• B)transfer of private savings from DVCs to IACs.
• C)flight of agricultural workers from rural to urban areas, especially capital cities, to take advantage of better job opportunities.
• D)movement of capital goods from IACs to DVCs to avoid taxes.

---

Definitions:

Values

Representations of the importance, worth, or usefulness of something, often guiding decision-making and behavior.

Reservation Price

The highest amount a customer is prepared to spend on a product or service.

English Auction

A type of auction in which the price ascends with each subsequent bid, and the highest bidder wins.

Willingness To Pay

The maximum amount an individual is ready to spend to acquire a good or service or to avoid something undesirable.