Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Question
Chapter 17, Problem 1SQP
To determine
Differentiate industrially advanced countries (IAC) and less developed countries (LDC).
Expert Solution & Answer
Explanation of Solution
Industrially advanced countries (IAC) have high income or high per capita
Less developed countries (LDC): The countries which are not included in IACs are categorized as less developed countries. The less developed countries are low income nations that are produced without advanced technology of capital and educated labors. Economy based on agriculture, poverty, and so on is the main features of LDCs. Countries like Nigeria, Angola, Congo, Sudan, Zimbabwe, and so on are some examples of less developed countries (LDCs).
Economics Concept Introduction
Industrially Advanced Countries (IACs): IACs are the industrialized countries which will be advanced socially, technologically, and in infrastructural sectors compared to the developing countries.
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Chapter 17 Solutions
Micro Economics For Today
Ch. 17.2 - Prob. 1GECh. 17.2 - Prob. 2GECh. 17 - Prob. 1SQPCh. 17 - Prob. 2SQPCh. 17 - Prob. 3SQPCh. 17 - Prob. 4SQPCh. 17 - Prob. 5SQPCh. 17 - Prob. 6SQPCh. 17 - Prob. 7SQPCh. 17 - Prob. 8SQP
Ch. 17 - Prob. 9SQPCh. 17 - Prob. 10SQPCh. 17 - Prob. 11SQPCh. 17 - Prob. 12SQPCh. 17 - Prob. 1SQCh. 17 - Prob. 2SQCh. 17 - Prob. 3SQCh. 17 - Prob. 4SQCh. 17 - Prob. 5SQCh. 17 - Prob. 6SQCh. 17 - Prob. 7SQCh. 17 - Prob. 8SQCh. 17 - Prob. 9SQCh. 17 - Prob. 10SQCh. 17 - Prob. 11SQCh. 17 - Prob. 12SQCh. 17 - Prob. 13SQCh. 17 - Prob. 14SQCh. 17 - Prob. 15SQCh. 17 - Prob. 16SQCh. 17 - Prob. 17SQCh. 17 - Prob. 18SQCh. 17 - Prob. 19SQCh. 17 - Prob. 20SQ
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