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Author Question: It is believed that the relatively high rate of labor force growth in the developing countries does ... (Read 172 times)

misspop

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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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Answer to Question 1

d

Answer to Question 2

c





 

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