Author Question: Less-developed countries are poor for all of the following reasons except one. Which one? a. They ... (Read 13 times)

awywial · **on:** Jun 30, 2018

Less-developed countries are poor for all of the following reasons except one. Which one?
a. They do not produce many goods and services.
b. Labor productivity is low.
c. Investment funds tend to flow abroad
d. Investment in human capital is very low.
e. The labor force is too small.

Question 2

If an economy is operating at short-run equilibrium below the level of real GDP, the self-correction model result is that:
a. unemployment increases.
b. unemployment falls.
c. cyclical unemployment increases.
d. frictional and structural unemployment increase.