Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statements is true? Group of answer choices High dependency on commodities (oil, copper, agricultural products, etc.) makes economic growth in Africa

Which of the following statements is true? Group of answer choices High dependency on commodities (oil, copper, agricultural products, etc.) makes economic growth in Africa and Latin America more challenging. Import substitution policies were a major factor in increasing economic growth in Latin America and Africa. The US has been a major investor in Africa, while China has not really invested in Africa. AIDS in Africa does not have much economic impact. Transaction costs (electricity, transportation, etc.) are lower in Africa and Latin America bringing costs down for companies that invest there

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Principles of Economics

Authors: Tyler Cowen, Alex Tabarrok

3rd edition

1429278390, 978-1429278416, 1429278412, 978-1429278393

More Books

Students also viewed these Economics questions

Question

3. Tactical/strategic information.

Answered: 1 week ago

Question

3. To retrieve information from memory.

Answered: 1 week ago

Question

2. Value-oriented information and

Answered: 1 week ago