An Important Reason Why Economies at an Early Stage of Development

question 89

Multiple Choice

An important reason why economies at an early stage of development tend to operate inefficiently is

• A) they tend to be dominated by the agricultural sector, where productivity is usually low.
• B) they tend to have authoritarian governments that stifle innovation.
• C) they tend to be plagued by superstitious beliefs that stifle innovation.
• D) the high transactions costs associated with barter.

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Definitions:

Primordial Follicle

The earliest form of an ovarian follicle, consisting of an immature egg surrounded by a single layer of cells, present from birth in females.

Vesicular Follicle

A fluid-filled structure in the ovary that contains a maturing egg and releases it during ovulation.

Extraembryonic Membrane

Membranes outside the embryo, such as the amnion, chorion, yolk sac, and allantois, that support the development of the embryo.

Symmetrical Development

A biological condition or process characterized by balance and proportionate growth of body parts or shapes on both sides of a plane or axis.