If a Nation Starts Out with Very Little Capital

question 96

Multiple Choice

If a nation starts out with very little capital

• A)it can increase its capital if it is able to divert productive resources from producing consumer goods to producing capital goods.
• B)the process of diverting some resources from producing consumer goods to producing capital goods will most likely be quite painful.
• 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)All of the choices are true.

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Definitions:

Liberal

Referring to a political philosophy or worldview founded on ideas of liberty and equality.

Identity Moratorium

A period of exploration among adolescents concerning their identity without having made a commitment.

Mission Assignment

A specific task or duty assigned to a person or team as part of a broader project or goal.

Identity Status

Refers to the phase in the development of self-identity, where individuals explore and make decisions regarding their personal beliefs, career choices, and relationships.