If a Nation Starts Out with Very Little Capital

question 73

Multiple Choice

If a nation starts out with very little capital

• A)it is doomed to eternal poverty because it will not be able to divert productive resources from producing consumer goods to producing capital goods.
• B)it can quite easily divert some resources from producing consumer goods to producing capital goods.
• C)if it is lucky enough to possess a valuable commodity that the industrial world wants such as oil,it can sell its oil in exchange for plant and equipment and thus industrialize.
• D)None of the choices are true.

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Definitions:

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Scatterplot

A type of plot or mathematical diagram using Cartesian coordinates to display values for two variables for a set of data, showing the relationship between them.

Side-By-Side Bar Chart

A graphical representation that displays the comparison of multiple variables or groups side by side using bars, facilitating easy comparison.

Pie Chart

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