Over time, technology tends to: Multiple Choice O O diminish in nations that are still developing. spread from country to country, equalizing opportunity costs. help developing nations experience the "catch-up" effect. set countries apart in terms of productivity.

Q: Discuss and evaluate:The path to economic development has been blazed by American capitalism. It is…

A: The economic development in the world economy started especially with the growth of…

Q: g economic theories in depth. Discuss in at least four ways why the education of women is…

A: Development refers to a multidimensional process of positive social, economic, and political changes…

Q: ​Capital formation is a key component of economic growth.  True  False

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Q: What do you understand by the development model of Arthur Lewis?

A: The development mode of Arthur Lewis is known as the "Lewis Model" or "Lewis dual sector model". It…

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A: A developed country (or industrialized country, big league salary country, more economically…

Q: In relative terms, what accounts for more of the growth slowdown, if we break it down to just human…

A: Answer- Need to find- In relative terms, what accounts for more of the growth slowdown, if we break…

Q: Nations try to reconcile conflicting economic goals. The main one is: Innovation versus economic…

A: Scarcity is one of the economic problems which means human wants are unlimited but the supply of…