Which of the Following Can Explain Why Some Countries Have

question 191

Multiple Choice

Which of the following can explain why some countries have not experienced relatively high growth rates in real GDP per capita despite relatively low initial levels of real GDP per capita?

• A)Many of these developing countries do not have a functioning court system that can enforce laws.
• B)Countries that are relatively poor are more likely to experience wars and revolutions.
• C)Countries that are relatively poor are likely to have a lower quality of health care.
• D)all of the above

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Definitions:

Travel Spending Money

Funds allocated for expenses related to travel, such as meals, accommodation, and transportation, aside from the initial costs of tickets and bookings.

Multinational Financial Management

The financial management practices of a company that operates in more than one country, focusing on currency exchange rates, investment strategies, and international finance regulations.

Financial Analysts

Professionals who evaluate investments, financial data, and economic trends to help make investment decisions or manage financial portfolios.

Currency Values

The worth of one country's currency in terms of another's, influenced by economic conditions and political stability.