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Author Question: It is believed that the relatively high rate of labor force growth in the developing countries does ... (Read 161 times)

misspop

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on: Jun 30, 2018
It is believed that the relatively high rate of labor force growth in the developing countries does not translate into a high rate of economic growth because:
 a. workers in developing countries have excess capital.
  b. workers in developing countries are not motivated enough.
  c. workers in developing countries do not have the natural resources needed for production.
  d. workers in developing countries have very little capital.
  e. the high birth rate is more than offset by an enormous mortality rate.

Question 2

A positive income elasticity of demand for a good means:
 a. it is a substitute.
 b. it is a complement.
 c. it is a normal good.
 d. it is an inferior good.


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anoriega3

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


misspop

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Reply #2 on: Jun 30, 2018
Thank you


anoriega3

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Reply #3 on: Jun 30, 2018
No problemo


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