Asked by
Rahwa Desta
on Nov 12, 2024Verified
One of the reasons why poor nations have not been able to close the development gap is:
A) the lack of human capital needed to identify and absorb new technology.
B) the scarcity of natural resources required to promote economic growth.
C) the low birth rates that have reduced the size of human capital.
D) an uneven distribution of income.
E) the lack of political stability in the nations.
Human Capital
The capabilities, expertise, and insight that a person or group holds, considered in relation to their worth or expense for a company or nation.
Development Gap
The disparity in economic and social conditions, including income, education, and health, between the world's richest and poorest countries.
- Evaluate the variables responsible for the difference in economic expansion and development between developed and developing countries.
Verified Answer
NB
Learning Objectives
- Evaluate the variables responsible for the difference in economic expansion and development between developed and developing countries.
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