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Ireland Horvat
on Nov 05, 2024

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The gap between rich and poor countries

A) has decreased over time because poor countries can more easily devote resources to capital production.
B) has increased over time because poor countries find it difficult to devote resources to capital production.
C) has remained constant over time because technological advances can be easily shared among nations.
D) has remained constant over time because the rate of capital production has remained constant in rich and poor nations.

Capital Production

The process of creating goods and services through the combination of labor, land, and capital.

Rich and Poor Countries

The classification of countries based on their economic status, with rich countries having high levels of income and wealth and poor countries having significantly lower levels.

  • Understand the factors leading to economic disparities between countries.
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DP
David ParraNov 10, 2024
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