This topic contains a solution. Click here to go to the answer

Author Question: Which of the following provides the best explanation of why low-income countries generally remain ... (Read 38 times)

Chloeellawright

  • Hero Member
  • *****
  • Posts: 588
Which of the following provides the best explanation of why low-income countries generally remain poor?
 a. Their political environment and policies often discourage productive activity and reduce the potential gains from specialization and exchange.
  b. They are oppressed by developed nations that benefit from the cheap goods available from countries with low wage rates.
  c. They are poorly endowed with natural resources, which are essential for long-term rapid growth.
  d. When the average income level is low, workers have little incentive to earn higher incomes.

Question 2

Which of the following is not an interest-earning asset of commercial banks?
 a. Required reserves.
  b. Checkable deposits.
  c. Customer savings accounts.
  d. All of the above are interest-earning assets of commercial banks.
  e. None of the above are interest-earning assets of commercial banks.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jointhecircus

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

a

Answer to Question 2

e




Chloeellawright

  • Member
  • Posts: 588
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

For a complete list of videos, visit our video library