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CHAPTER 36 Economic Growth in Developing and Transitional Economies
Which of the following statements is correct?
Poverty alone cannot explain capital shortages, and poverty is not
necessarily self perpetuating.
Development cannot proceed without human resources capable of
initiating and managing economic activity.
The governments of developing countries can do important and
useful things to encourage development, especially in areas that
the private sector would never touch.
All of the above statements are correct.
© 2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster
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