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:

Child Development

The process by which children grow and mature in physical, cognitive, emotional, and social aspects from birth through adolescence.

History

The study of past events, particularly in human affairs, often documented and analyzed to understand patterns, causes, and effects.

Child Development

Refers to the physical, cognitive, and psychological growth that occurs in human beings from birth to the end of adolescence.

Reversibility

The cognitive understanding that certain actions can be undone, restoring the original state of something.