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Most developing countries a. are unable to convert their natural resources into productive inputs. b. make inefficient use of their technological advancement. c. allocate their resources to the production of capital goods. d. experience slow growth in their labor force. e. have no natural resources. Save Answer 27. (Points: 2) The ability of a country to invest in capital goods is tied to a. its ability to save. b. the size of its labor force. c. the quality of its labor force. d. the level of technology it has achieved. e. its abundance of natural resources. Save Answer 28. (Points: 2) Long-term economic growth requires a permanent a. rise in the natural rate of unemployment. b. decline in the average price level. c. rightward shift of the aggregate demand curve. d. leftward shift of the vertical Phillips curve. e. rightward shift of the vertical aggregate supply curve.
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