Country a and Country B Are the Same Except Country

question 226

Multiple Choice

Country A and country B are the same except country A has a capital stock of 5,000 a population of 12,000 and employment of 10,000. Country B has a capital stock of 8,000 and a population of 24,000 and employment of 20,000.

• A)Country A has a higher standard of living and country B will not catch up.
• B)Country A has a higher standard of living but country B will catch up.
• C)Country B has a higher standard of living and country A will not catch up.
• D)Country B has a higher standard of living but country A will catch up.

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Definitions:

Fishing

The activity of catching fish, either for commercial, recreational, or subsistence purposes.

Logging

The process of cutting down trees, removing branches and foliage, and transporting timber for processing or sale.

Mining

The process of extracting valuable minerals or other geological materials from the Earth's surface.

Economy

The system of production, consumption, and distribution of goods and services in a particular society or geographical area.