Most of the LDCs Find It Difficult to Accumulate Capital

question 23

Multiple Choice

Most of the LDCs find it difficult to accumulate capital goods because

• A)the terms of trade prohibit the inflow of private capital from the advanced nations.
• B)it is very difficult to restrict consumption in order to free resources for capital goods production.
• C)domestic monetary policies designed to achieve price stability result in low interest.
• D)investment is interest inelastic in LDCs.

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Definitions:

Trespass

an unlawful act of entering someone's property without permission or exceeding the scope of permission granted.

Appropriation

The act of setting aside funds for a specific purpose or the unauthorized use of someone's else creative or intellectual property.

Defames

Defames means to harm someone's reputation by making false or malicious statements or publications about them.

General Damages

Compensation awarded for non-monetary losses suffered, such as pain and suffering, loss of consortium, or emotional distress.