2. Economic growth and the developing world Which of the following are true about economic development? Check all that apply. Education has little or no impact on the process of economic development. Due to nationalism, the wealthy minority in developing countries rarely invest in foreign economies. Farmers stimulate economic development by employing the majority of workers in poor countries. A country doesn't need to be rich in natural resources in order to develop a modern economy.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Production And Growth
Section: Chapter Questions
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2. Economic growth and the developing world
Which of the following are true about economic development? Check all that apply.
Education has little or no impact on the process of economic development.
Due to nationalism, the wealthy minority in developing countries rarely invest in foreign economies.
Farmers stimulate economic development by employing the majority of workers in poor countries.
A country doesn't need to be rich in natural resources in order to develop a modern economy.
Transcribed Image Text:2. Economic growth and the developing world Which of the following are true about economic development? Check all that apply. Education has little or no impact on the process of economic development. Due to nationalism, the wealthy minority in developing countries rarely invest in foreign economies. Farmers stimulate economic development by employing the majority of workers in poor countries. A country doesn't need to be rich in natural resources in order to develop a modern economy.
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