TRUE OR FALSE • Practically all income in underdeveloped nations is used to purchase consumer goods, which leaves little, if anything, for savings. • Because few households can afford to save much, most developing countries depend heavily on corporations for their domestic nongovernmental (i.e., private) savings. • One of the major problems of underdeveloped nations is that they do not have enough people engaged in agriculture.
TRUE OR FALSE • Practically all income in underdeveloped nations is used to purchase consumer goods, which leaves little, if anything, for savings. • Because few households can afford to save much, most developing countries depend heavily on corporations for their domestic nongovernmental (i.e., private) savings. • One of the major problems of underdeveloped nations is that they do not have enough people engaged in agriculture.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Answer TRUE OR FALSE
• Practically all income in underdeveloped nations is used to purchase consumer goods, which leaves little, if anything, for savings.
• Because few households can afford to save much, most developing countries depend heavily on corporations for their domestic nongovernmental (i.e., private) savings.
• One of the major problems of underdeveloped nations is that they do not have enough people engaged in agriculture.
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