In many traditional societies, economic growth is not a primary social objective. In some, the focus is on
a. the search for spiritual fulfillment.
b. individual accomplishment.
c. self-interested behavior.
d. the pursuit of a Protestant work ethic.
e. expanding mankind's horizon of knowledge.
A key reason for low direct foreign investment in developing nations is
a. the lack of government-operated enterprises.
b. the fear of falling inflation rates.
c. the fear of nationalization of private assets.
d. the existence of risk premiums on foreign asset holdings.
e. the high interest rates charged on loans.
Why is investment diversion considered an obstacle to economic growth?
a. Because the investments in health care affect only the poorest, least productive, portion of the inhabitants of a country.
b.Because with no investment in infrastructure, there is no way for a country to build its industries. c. Because it would be better to increase the mortality
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