Economic Growth Is Difficult for Poor Countries Because

question 243

Multiple Choice

Economic growth is difficult for poor countries because

• A)governments must fund capital production and research out of tax revenues.
• B)resources must be taken away from consumer goods to pay for technology.
• C)resources must be taken away from consumer goods to pay for capital goods.
• D)those wealthy enough to invest in domestic industries may choose to invest abroad insteaD.
• E)All of the choices are truE.

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Definitions:

Expense

An economic outflow or the consumption of resources resulting from the operations of a business.

Creditor

An individual, financial institution, or company to whom money is owed by a debtor or borrower.

Asset

An asset represents a resource that is owned or controlled by the company with the expectation that it will provide future economic benefits.

Services

Intangible products such as consultancy, maintenance, or repair that are bought and sold in the marketplace.